A "Decrease in Demand" Means That

question 75

Multiple Choice

A "decrease in demand" means that

• A) the demand curve has shifted to the left.
• B) price has declined and consumers want to purchase more of the good.
• C) the demand curve has shifted to the right.
• D) the price of the good can be expected to decline,assuming supply stays constant.

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Definitions:

Buyer/Lessee

The individual or entity that purchases or leases goods or property.

Breach

The action of violating or not adhering to a rule, contract, or ethical guideline.

Inspect

The act of examining or reviewing something carefully to determine its condition or to ascertain compliance with specific requirements or standards.

Merchantable

A legal term meaning something is of sufficient quality to be sold, meeting reasonable expectations for its kind.