A decrease in demand is represented by
A)a shift outward of the entire demand curve.
B)a shift inward of the entire demand curve.
C)a movement along the demand curve in a southeasterly direction.
D)a movement along the demand curve in a northwesterly direction.

Question

Quizplus · Accepted Answer

A decrease in demand means that consumers are willing to buy less of a product at every given price. This is reflected by a shift inward of the entire demand curve, as the curve moves to the left.

A Decrease in Demand Is Represented by