Question

An increase in the number of consumers:

shifts the demand curve rightward.

results only in a movement along the demand curve.

Both answers B and C are correct.

shifts the supply curve leftward.

Answer 1

Shifts the Demand curve rightward:

Indicates the increasing demand to the right in the demand curve. As the number of consumers increases, so the demand will also rise because of the quantity demanded will be more. An increase in the consumers give rise to the demand of different products in a market.

Results only in a movement along the demand curve:

An Increase in the number of consumers will not results in a movement along the demand curve as the movement of demand curve occurs when the price of good changes and quantity demanded changes. A change in price will result in a movement along a demand curve.

Shift of supply curve to leftward:

The Shift of supply curve to leftward occurs when the quantity of supplied commodity decreases at the same price. So it will not affected by increasing consumers in a market. An increase in cost causes an leftward shift of the supply curve so that at any price, the quantiies supplied will be smaller.