Figure 3.1

-Refer to Figure 3.1.A case in which consumers no longer cared for a product would be represented by a movement from
A)A to B.
B)B to A.
C)D₁ to D₂.
D)D₂ to D₁.

Question

Figure 3.1
 
-Refer to Figure 3.1.A case in which consumers no longer cared for a product would be represented by a movement from
A)A to B. 
B)B to A. 
C)D₁ to D₂. 
D)D₂ to D₁.

Quizplus · Accepted Answer

A movement from D₂ to D₁ represents a decrease in demand, which could occur if consumers no longer cared for a product. This movement would shift the demand curve to the left, indicating that at any given price level, consumers are willing and able to purchase fewer units of the product. Choices A and B do not make sense in this context, as there is no clear reason why consumers would suddenly start caring for a product they previously did not, or vice versa. Choice C may be true in some cases, but it is not necessarily related to consumer preferences or attitudes towards a product.

Figure 3.1 -Refer to Figure 3.1.A Case in Which Consumers No Longer