A decrease in demand is represented by a
A) leftward shift of the supply curve.
B) rightward shift of the demand curve.
C) leftward shift of the demand curve.
D) movement up along the demand curve.
E) movement down along the demand curve.

Question

Quizplus · Accepted Answer

A decrease in demand means that consumers are willing and able to purchase less of the product at each price level. This is represented by a leftward shift of the demand curve, which shows a decrease in quantity demanded at each price.

A Decrease in Demand Is Represented by a