According to the Law of Demand, a Decrease in the Price

question 390

Multiple Choice

According to the law of demand, a decrease in the price of a good causes

• A) a rightward shift of the demand curve for that good.
• B) a leftward shift of the demand curve for that good.
• C) an upward movement along the demand curve for that good.
• D) a downward movement along the demand curve for that good.

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Definitions:

Observational Method

A research technique that involves watching and recording the behaviors of subjects in their natural environment or in a controlled setting.

Causal Logic

The relationship between a condition or variable and a particular consequence, with one leading to the other.

Dependent Variable

In research, a variable that is expected to change as a result of manipulation or changes in the independent variable.

Independent Variable

In research, the variable that is manipulated or changed to observe its effects on the dependent variable.