QUESTION IMAGE
Question
- is the change in demand, due to the price of hamburgers, a shift towards the right or left? what does that mean?
- has the demand for slices of pizza increased or decreased?
Step1: Analyze the demand shift
When the demand curve shifts to the right, it means that at each price level, the quantity demanded is higher. This is because a shift to the right indicates an increase in demand.
Step2: Determine the demand change
Since the shift is to the right (as inferred from the handwritten note "Right = More demand"), it means that the demand for slices of pizza has increased.
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The change in demand is a shift towards the right. A shift towards the right means that at each price level, the quantity demanded is higher. The demand for slices of pizza has increased.