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 D0 to D1. Decreased demand means that at
every given price, the quantity demanded is lower, so that the demand curve shifts to the left from D0 to D2.

Price

Decrease to D2 Original Quantity Demanded D0

Increase to D1

$16,000 17.6 million

22.0 million

$18,000 16.0 million

20.0 million

$20,000 14.4 million

18.0 million

$22,000 13.6 million

17.0 million

$24,000 13.2 million

16.5 million

$26,000 12.8 million

16.0 million

TABLE 3.4 Price and Demand Shifts: A Car Example

24.0 million

22.0 million

20.0 million

19.0 million

18.5 million

18.0 million
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