The statement that describes the shift from D1 to D2 is option c: Demand for the product decreased.
<h3>Which causes a change in demand?</h3>
A change in demand is one that is caused by:
- The tastes and preferences of customers
- The the composition or size of the population
- The prices of related goods
- Expectations.
Note that a change in any one of the factors above can determine the quantity people who are known to be willing to buy at a said price and this will cause a shift in demand.
Hence, The statement that describes the shift from D1 to D2 is option c: Demand for the product decreased.
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