When Economists Say That the Demand for a Product Has

question 331

Multiple Choice

When economists say that the demand for a product has decreased, they mean that

• A) the demand curve has shifted to the right.
• B) the product has become particularly scarce for some reason.
• C) the product has become more expensive and thus consumers are buying less of it.
• D) consumers are now willing and able to buy less of this product at each possible price.

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