Question

The market demand curve increases or shifts up if ________.

• A. the number of consumers increases
• B. consumers tastes increase
• C. consumers income rise
• D. all of the above

Answer 1

The correct option is D all of the above

The market demand curve is the horizontal summation of individual demand curves. The market demand curve increases or shifts up if:a) the number of consumers increases

b) consumers tastes increase

c) consumers income rise