When quantity demanded decreases in response to a change in price, how is this reflected in the demand curve?
A) There is a movement down along the demand curve.
B) There is a movement up along the demand curve.
C) The demand curve shifts to the right.
D) The demand curve shifts to the left.

Question

Quizplus · Accepted Answer

A movement up along the demand curve indicates a decrease in quantity demanded in response to an increase in price, reflecting the law of demand.

When Quantity Demanded Decreases in Response to a Change in Price