When we move down along a given demand curve,we know that the
A) price has fallen because the quantity demanded has increased.
B) price has increased because the quantity demanded has decreased.
C) quantity demanded has increased because the price has fallen.
D) quantity demanded has decreased because the price has increased.
E) demand has increased because the price has fallen.

Question

Quizplus · Accepted Answer

When we move down along a given demand curve, the quantity demanded has increased because the price has fallen. This is because as the price decreases, consumers are willing and able to buy more of the good or service.

When We Move Down Along a Given Demand Curve,we Know