If the number of buyers decreases, the demand curve will shift to the ______ and the price will ______.

Name: If the number of buyers decreases, the demand curve will shift to the ______ and the price will ______.
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Question

Quizplus · Accepted Answer

When the number of buyers decreases, the demand for the product will also decrease, resulting in a leftward shift of the demand curve. As a result, the price of the product will fall, as suppliers try to attract the remaining buyers who are still interested in the product.

If the Number of Buyers Decreases, the Demand Curve Will