**Understanding Market Demand Curve Shifts**A market demand curve is likely to shift to the right when:- Population increases.- Prices rise.- New firms enter the market.- Average income falls.- Prices fall.Each option indicates a factor that could influence the movement of the market demand curve. An increase in population or entry of new firms typically increases demand, potentially causing a rightward shift. Conversely, changes such as price fluctuations or variations in average income can also affect demand dynamics.

A shift in the demand curve occurs when a factor other than price causes a change in the quantity…

Answered: A market demand curve is likely to…

A market demand curve is likely to shift to the right when: O population increases. prices rise. new firms enter the market. average income falls. prices fall.

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

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Question

**Understanding Market Demand Curve Shifts**

A market demand curve is likely to shift to the right when:

- Population increases.
- Prices rise.
- New firms enter the market.
- Average income falls.
- Prices fall.

Each option indicates a factor that could influence the movement of the market demand curve. An increase in population or entry of new firms typically increases demand, potentially causing a rightward shift. Conversely, changes such as price fluctuations or variations in average income can also affect demand dynamics.

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