An increase in the price of ice cream is likely to cause:
A) a movement to the left along the demand curve for ice cream.
B) an inward shift of the demand curve for ice cream.
C) an outward shift of the demand curve for ice cream.
D) a movement to the right along the demand curve for ice cream.

Question

Quizplus · Accepted Answer

An increase in the price of ice cream leads to a decrease in the quantity demanded, which is represented by a movement up and to the left along the demand curve for ice cream, not a shift of the curve itself.

An Increase in the Price of Ice Cream Is Likely