Population growth affects which curve in a market?

Population growth affects which curve in a market?

• A. Supply
• B. Elasticity
• C. Demand
• D. Price

Answer: (C)

Population growth increases the number of buyers in the market. Demand shows how much people want to buy at different prices, and with more people, there are more potential buyers at every price, so the total quantity demanded rises. This shifts the entire demand curve to the right, meaning more is demanded at each price. The supply curve moves only if production conditions change, not from population changes. Elasticity is about how responsive quantity is to price, not the curve’s position, and price is the outcome that settles where supply and demand intersect. So population growth affects the demand curve.

Population growth increases the number of buyers in the market. Demand shows how much people want to buy at different prices, and with more people, there are more potential buyers at every price, so the total quantity demanded rises. This shifts the entire demand curve to the right, meaning more is demanded at each price. The supply curve moves only if production conditions change, not from population changes. Elasticity is about how responsive quantity is to price, not the curve’s position, and price is the outcome that settles where supply and demand intersect. So population growth affects the demand curve.