Question

law of supply and demand
complete
2 3 4 5 6 7 8 9
time remaining
50:42
graph examines the market for graphic t - shirts. based on the graph, which event could cause the change shown?
$20.00
$17.50
$15.00
$12.50
$10.00
$7.50
$5.00
$2.50
0 10 20 30 40 50 60
quantity demanded
a product becomes less popular and fewer customers purchase it.
a product becomes more popular and more customers purchase it.
a product sells out of stores and customers can no longer purchase it.
a product is restocked on store shelves and is ready for customer purchase.

Explanation:

The graph shows a leftward shift of the demand curve (from D to D₁), indicating a decrease in demand. A product becoming less popular and fewer customers purchasing it (option A) would lead to a decrease in demand, causing the demand curve to shift left. Option B would increase demand (rightward shift), option C relates to supply issues (not demand shift), and option D also relates to supply restocking (not demand shift).

Answer:

A. A product becomes less popular and fewer customers purchase it.