Which of the Following Statements Is FALSE About the Demand

question 404

Multiple Choice

Which of the following statements is FALSE about the demand curve?

• A) An increase in demand shifts the demand curve to the left, closer to the price axis.
• B) When only the price of a good changes, there is movement along the demand curve but no change in demand.
• C) A change in demand is graphically shown by shifting the entire demand curve.
• D) When demand decreases, there is a drop in the quantity demanded at each price.

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Definitions:

Motivation

Stimulation and inspiration to move; the leadership task of mobilizing people with different ideas, skills, and values to achieve a common mission; the experience of physical and emotional needs, progressing from basic needs for survival and security, to social needs for belonging and respect, to the complex need for fulfillment. See energize and empowerment.

Honesty

A moral character trait that involves being truthful, transparent, and free from deceit or theft.

Empowerment

The process of giving power or authority to individuals or groups, enabling them to make decisions, take actions, and control their own destinies.