If buyers today become more willing and able than before to purchase larger quantities of stand up paddle boards (SUPs) at each price of SUPs, then a. the demand curve for SUPs will shift to the right. b. we will observe a movement upward and to the left along the demand curve for SUPs. c. we will observe a movement downward and to the right along the demand curve for SUPs. d. the demand curve for SUPs will shift to the left.

Question

Business

Miguel Dillon

8 September, 18:13

If buyers today become more willing and able than before to purchase larger quantities of stand up paddle boards (SUPs) at each price of SUPs, then a. the demand curve for SUPs will shift to the right. b. we will observe a movement upward and to the left along the demand curve for SUPs. c. we will observe a movement downward and to the right along the demand curve for SUPs. d. the demand curve for SUPs will shift to the left.

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Answers (1)

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Crystal Kent · Answer 1

a. the demand curve for SUPs will shift to the right.

Explanation:

An increase in demand for a product such as stand up paddle boards will cause the demand curve for SUPs to shift to the right. Increases in demand may be caused by increased income, a rise in the price of the substitute commodity etc. These factors will increase the buyer's willingness and ability to purchase higher quantities of the commodity.