Figure 2.4.1.
-Look at Figure 2.4.1. A decrease in demand is
A) a shift from D0 to D1.
B) a shift from D1 to D0.
C) a movement from point B to D.
D) a movement from point D to B.
E) none of the above.

Question

Figure 2.4.1.
-Look at Figure 2.4.1. A decrease in demand is
A) a shift from D0 to D1. 
B) a shift from D1 to D0. 
C) a movement from point B to D. 
D) a movement from point D to B. 
E) none of the above.

Quizplus · Accepted Answer

A decrease in demand means that consumers are willing and/or able to buy less of the product at any given price. This is represented by a shift from D1 to D0 on the demand curve, which shows a decrease in quantity demanded at each respective price level.

Figure 2.4.1. -Look at Figure 2.4.1. a Decrease in Demand Is