A Decrease in Price and an Indeterminate Change in Quantity

question 14

Multiple Choice

A decrease in price and an indeterminate change in quantity are consistent with a:

• A) leftward shift in demand and no shift in supply.
• B) leftward shift in supply and no shift in demand.
• C) rightward shift in supply and a leftward shift in demand.
• D) leftward shift in supply and a rightward shift in demand.

---

Definitions:

Ethnographic Research

A qualitative research method that involves observing and interacting with participants in their real-life environment to gain deep insights into their cultures, behaviors, and attitudes.

Depth Interviews

A qualitative research method involving detailed, one-on-one discussions to explore deeper insights into an individual's attitudes, beliefs, or behaviors.

Social Media

Online platforms that enable users to create, share content, or participate in social networking.

Mall Intercept Interviews

A qualitative research method where interviewers approach shoppers in malls to ask questions or conduct surveys about their behaviors or opinions.