Question

The price of gasoline has increased from $2.00 per gallon to $3.00 per gallon. how would this price change be represented on the demand curve?

Answer 1

If the price of gasoline has increased from $2.00 per gallon to $3.00 per gallon. how would this price change be represented on the demand curve is: a movement from one point on the line to a higher point on the line.

What is demand curve?

Demand curve can be defined as the curve that show price of goods and services produced as well as the quantity demanded for the goods produce at a particular period of time.

The  price change can be represented on the demand curve when price increase and this happen when the price of goods move from one point on a line to a higher point on the line

Therefore  how would this price change be represented on the demand curve is: a movement from one point on the line to a higher point on the line.

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