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inysia [295]
3 years ago
5

When quantity demanded decreases in response to a change in price: A. the demand curve shifts to the right B. the demand curve s

hifts to the left C. there is a movement down along the demand curve D. there is a movement up along the demand curve
Business
1 answer:
PIT_PIT [208]3 years ago
8 0

Answer:

The correct answer is option D.

Explanation:

An increase in the price of the commodity causes its quantity demanded to decrease. This is because of the law of demand. There is an inverse relationship between the price of a commodity and its demand.  

So a decrease in quantity demanded means that the price has increased. It is indicated by an upward movement on the same demand curve.

A decrease in price, on the other hand, will lead to an increase in the quantity demanded. This will cause a downward movement on the same demand curve.

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A fiscal

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3 years ago
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negative externality

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