The statement that describes the shift from D1 to D2 is the demand for the product increased.
What does the shift from D1 to D2 signify?
The graph represented in the image is that of a demand curve. A demand curve is a curve that shows the relationship between price and quantity demanded.
The demand curve is negatively sloped because the higher the price, the lower the quantity demanded. This is in line with the law of demand.
When the demand curve shifts to the right, it indicates an increase in demand. When the demand curve shifts to the left, it indicates a decrease in demand.
To learn more about the demand curve, please check: https://brainly.com/question/25140811
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