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:

European Union

A political and economic union of 27 member states that are located primarily in Europe, aimed at promoting integration and facilitating a single market.

European Union

is a political and economic union of 27 member states that are located primarily in Europe, committed to regional integration, characterized by the adoption of common policies and a single market.

Potential Consumers

are individuals who have shown interest or possess characteristics that make them likely to purchase a product or service but have not yet become actual customers.

European Union

A political and economic union of 27 European countries that are located primarily in Europe, aiming to ensure free movement of people, goods, services, and capital among its members.