When There Is a Decrease in Demand

question 29

Multiple Choice

When there is a decrease in demand,

• A)the demand curve shifts to the right of the original demand curve.
• B)the demand curve rotates clockwise.
• C)the demand curve shifts to the left of the original demand curve.
• D)the demand curve rotates counterclockwise.
• E)a lower price has increased the amount of the good that consumers will buy.

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Definitions:

Tariff Barriers

Taxes imposed on imported goods to protect domestic industries from foreign competition and to raise government revenue.

Totalitarian

A political system in which the state holds total authority over the society and seeks to control all aspects of public and private life.

Joseph Stalin

The leader of the Soviet Union from the mid-1920s until his death in 1953, known for his totalitarian rule, the purges, and the extensive use of the Gulag system.

Gestapo

The Gestapo was the official secret police of Nazi Germany and German-occupied Europe.