When Quantity Demanded Decreases in Response to a Change in Price

question 149

Multiple Choice

When quantity demanded decreases in response to a change in price:

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

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Definitions:

Promoter

A person who organizes and operates a business venture and assumes much of the associated risk.

Contract

A legally upheld agreement involving two or more entities that carries legal obligations.

Preincorporation Contracts

Agreements entered into on behalf of a corporation not yet formally established, raising questions about liability and authority.

Promoter

A promoter is an individual or company involved in founding or organizing a business or enterprise, typically responsible for raising capital, arranging for necessary legal documents, and setting up operations.