Author Question: A decrease in demand for a good could mean that a. consumers are willing to pay a higher price for ... (Read 32 times)

geodog55 · **on:** Jul 1, 2018

A decrease in demand for a good could mean that
a. consumers are willing to pay a higher price for each quantity of the good
b. consumers are willing to buy larger quantities of the good at each price
c. the demand curve has undergone a parallel shift to the right
d. the demand curve has undergone a nonparallel shift to the right
e. the demand curve has shifted to the left

Question 2

If we say that demand has increased, we mean that there has been
a. a leftward movement along the demand curve
b. a rightward movement along the demand curve
c. a leftward shift of the demand curve
d. a rightward shift of the demand curve
e. an increase in the slope of the demand curve