Suppose the Number of Buyers in a Market Decreases

question 48

Essay

Suppose the number of buyers in a market decreases. As a result, would the demand curve in this market shift to the right or to the left?

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Definitions:

Contrapositive

A logical statement derived from another by negating and swapping its terms, proving the original statement if true.

Credibility

The quality of being trusted and believed in.

Useless

Lacking usefulness or efficacy; not producing the desired effect or having no practical value.

Antecedent

The earlier element in a logical statement, usually preceding the consequence in a conditional sentence.