A decrease in the price of a good will cause a leftward shift of the demand curve, if it is a normal good.

Question

Quizplus · Accepted Answer

A decrease in the price of a good will cause a movement along the demand curve, not a shift. A leftward shift of the demand curve would indicate a decrease in demand at every price, which would typically occur due to factors such as a change in consumer tastes or a decrease in consumer income.

A Decrease in the Price of a Good Will Cause