Question

A fundamental principle in demand analysis is that a change in price leads to Group of answer choices a shift of the demand curve. a movement along the demand curve. a leftward shift of the demand curve. a complementary movement on the supply curve.

Answer 1

Answer: a movement along the demand curve.

Explanation:

When the price of a good changes, demand is supposed to react to that by moving along the demand curve because the demand curve is a visual representation of the goods demanded by people at various prices.

For instance, if the price of a normal good increases, the demand will likely decrease and there will be a movement up the demand curve to show that less goods are being demanded. The reverse holds true.