9
QuizMultiple Choice
The Law of Demand
Question 9 of 18 • TN-Economics
The graph shows a demand curve.The graph shows the demand curve shifting from D (orange) to D₁ (blue), with the new curve located to the left of the original curve.Which statement best explains this change?
Answer
A
A decrease in quantity demanded caused by an increase in the product's price.A
A decrease in demand caused by a fall in income or a fall in the price of a substitue good.A
An increase in demand caused by higher consumer income.A
A movement along the demand curve caused by a price change.