A decrease in the price of eggs will result in a(n):
A)increase in the demand for eggs.
B)increase in the supply of eggs.
C)shift in the supply curve for eggs.
D)movement along the demand curve for eggs.

Question

Quizplus · Accepted Answer

A decrease in the price of eggs will result in a movement along the demand curve, as the lower price will encourage consumers to buy more eggs, leading to an increase in quantity demanded. It will not lead to a shift in the supply curve, as the price decrease does not affect the willingness or ability of suppliers to produce and sell eggs.

A Decrease in the Price of Eggs Will Result in A(n)