Which of the following would cause a movement up (or leftward) along the demand curve for European autos in the United States?
A)An increase in the price of American autos
B)A decrease in the price of American autos
C)An increase in income in the United States
D)An increase in the price of European cars

Question

Quizplus · Accepted Answer

An increase in the price of European cars would cause a movement up (or leftward) along the demand curve for European autos in the United States, as it reflects a decrease in the quantity demanded due to the price increase of those cars themselves, holding all other factors constant.

Which of the Following Would Cause a Movement Up (Or