When there is a decrease in the price of a good
A)the demand curve will shift to the right.
B)the demand curve will shift to the left.
C)the elasticity of demand will determine the degree to which quantity demanded rises.
D)the elasticity of demand will determine the degree to which quantity demanded falls.

Question

Quizplus · Accepted Answer

The Answer of When there is a decrease in the price of a good
A)the demand curve will shift to the right.
B)the demand curve will shift to the left.
C)the elasticity of demand will determine the degree to which quantity demanded rises.
D)the elasticity of demand will determine the degree to which quantity demanded falls.

When There Is a Decrease in the Price of a Good