Question

A journalist wrote the following about the effects of falling gasoline​ prices:

Answer 1

Answer:

The correct answer is option D.

Explanation:

With the decrease in the price of any commodity, take for instance gasoline, will cause an increase in the quantity demanded. This will be indicated by a downward movement on the same demand curve.  

The demand is said to be increased if, at the same price level, the quantity demanded has increased.  

So, here the journalist's statement is not true.