If the Price of a Good or Service Increases, What

question 36

Multiple Choice

If the price of a good or service increases, what happens to the firm's demand curve?

• A) The demand curve shifts inward toward the origin.
• B) The demand curve shifts outward away from the origin.
• C) There is an upward movement along the demand curve.
• D) There is a downward movement along the demand curve.
• E) The slope of the demand curve changes.