A "Decrease in the Quantity Demanded" Means That

question 92

Multiple Choice

A "decrease in the quantity demanded" means that

• A) the demand curve has shifted to the right.
• B) the supply curve has shifted to the left.
• C) price has declined and consumers therefore want to purchase more of the good.
• D) price has increased and consumers therefore want to purchase less of the good.

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Definitions:

Internal Audience

Refers to the group within an organization or company, such as employees or members, who are the target for messages or information.

Quality-Control Measures

Processes and procedures implemented to ensure that a product or service meets defined standards of quality.

RFP

Request for Proposal; a document that a company posts to elicit bids from potential vendors for a project.

Warehouse Addition

An expansion or extension to an existing warehouse facility to increase storage capacity or functionality.