An increase in the number of buyers in the market for LED TVs would cause the ma

Question

An increase in the number of buyers in the market for LED TVs would cause the market demand curve for LED TVs to:

shift right.

shift left.

stay the same because market demand doesn't depend on the number of buyers.

shift left or right depending on whether the new buyers purchase more or less than existing customers at each price.

shift right.

shift left.

stay the same because market demand doesn't depend on the number of buyers.

shift left or right depending on whether the new buyers purchase more or less than existing customers at each price.

Explanation / Answer

The correct choice is Shift right

Explanation : - If buyers increase the quantity demanded at each price, the demand curve shifts to the right, which is called an increase in demand.

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