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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Explanation:
Answer:
Spain was in debt from wars and Isabella and Ferdinand turned away Christopher Columbus's ideas of venturing/trading outside of Afro-Eurasia but once he promised to bring back riches (ie silver and gold) they granted his request and he set sail to "discover" what he thought was India but ended up in the Americas. This led to the development of 2 great trading systems: the Columbian Exchange and the Atlantic system. Things that were mostly traded were sugar, silver, and slaves (the 3 s's). Allowed Europe to venture out amongst Asian waters, which later inspired others to do the same (French, English, Dutch, etc).
Explanation:
