When Quantity Demanded Decreases in Response to a Change in Price

question 51

Multiple Choice

When quantity demanded decreases in response to a change in price, how is this reflected in the demand curve?

• A) There is a movement down along the demand curve.
• B) There is a movement up along the demand curve.
• C) The demand curve shifts to the right.
• D) The demand curve shifts to the left.

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Definitions:

Structural Holes

Gaps between different social networks or groups that, when bridged by individuals acting as brokers, can facilitate access to information and resources and spur innovation.

Contacts

Connections or relationships with other people, often valued for the exchange of information, opportunities, or resources they can provide.

Passive Resistance

A form of non-violent opposition or deliberate refusal to comply with certain laws, demands, or commands of authority figures.

Non-compliance

Failure or refusal to act in accordance with a set of rules, standards, or laws.