Which of the following leads to a leftward shift of the demand curve?
A)An expectation of a decline in the product price in the future
B)A decrease in the good's own price
C)An increase in the price of a substitute
D)A decrease in the price of a complement
E)An increase in the number of consumers

Question

Quizplus · Accepted Answer

An expectation of a decline in the product price in the future can lead to a leftward shift of the demand curve because consumers might delay their purchases, anticipating lower prices ahead, thus decreasing the current demand for the product.

Which of the Following Leads to a Leftward Shift of the Demand