Refer to Figure 3.7. A decrease in demand is represented by the movement

A) from D₂ to D₁.
B) from D₂ to D₃.
C) along D₂ from Point B to Point A.
D) along D₂ from Point B to Point C.

Question

Refer to Figure 3.7. A decrease in demand is represented by the movementA)  from D 2  to D 1 .B)  from D 2  to D 3 .C)  along D 2  from Point B to Point A.D)  along D 2  from Point B to Point C.

Wilma Bryant · Accepted Answer

Final Answer : A, Explanation :  A decrease in demand is represented by a shift of the demand curve to the left, which is option A. Moving from one demand curve to another (to the left for a decrease) represents a change in demand, while moving along a demand curve represents a change in quantity demanded due to a price change.

Refer to Figure 3.7. A decrease in demand is represented by the movement

A) from D₂ to D₁.
B) from D₂ to D₃.
C) along D₂ from Point B to Point A.
D) along D₂ from Point B to Point C.

Definitions

Learning Objectives

Learning Objectives

Related questions

Refer to Figure 3.7. A decrease in demand is represented by the movementA) from D2 to D1.B) from D2 to D3.C) along D2 from Point B to Point A.D) along D2 from Point B to Point C.

Definitions

Learning Objectives

Learning Objectives

Related questions

Refer to Figure 3.7. A decrease in demand is represented by the movement

A) from D₂ to D₁.
B) from D₂ to D₃.
C) along D₂ from Point B to Point A.
D) along D₂ from Point B to Point C.