Which of the following events would cause a movement upward and to the left along the demand curve for olives?
A)The number of people who purchase olives decreases.
B)Consumer income decreases, and olives are a normal good.
C)The price of pickles decreases, and pickles are a substitute for olives.
D)The price of olives rises.

Question

Quizplus · Accepted Answer

A movement upward and to the left along the demand curve for a good, such as olives, indicates a decrease in quantity demanded due to an increase in the price of the good itself. This is directly described in option D, where the price of olives rises, leading to a decrease in the quantity demanded, assuming all other factors remain constant.

Which of the Following Events Would Cause a Movement Upward