Figure 3.5 Shifts in Demand: A Car Example Increased demand means that at every given price, the quantity demanded is higher, so that the demand curve shifts to the right from D 0 to D 1 . Decreased d...Figure 3.5 Shifts in Demand: A Car Example Increased demand means that at every given price, the quantity demanded is higher, so that the demand curve shifts to the right from D 0 to D 1 . Decreased demand means that at every given price, the quantity demanded is lower, so that the demand curve shifts to the left from D 0 to D 2 .
Figure 1: Increased demand means that at every given price, the quantity demanded is higher, so that the demand curve shifts to the right from D 0 to D 1 . Decreased demand means that at every given p...Figure 1: Increased demand means that at every given price, the quantity demanded is higher, so that the demand curve shifts to the right from D 0 to D 1 . Decreased demand means that at every given price, the quantity demanded is lower, so that the demand curve shifts to the left from D 0 to D 2 .
In general, the law of demand states that the quantity demanded and the price of a good or service is inversely related, other things remaining constant.