A decrease in the price of eggs will result in:
A)an increase in the demand for eggs.
B)an increase in the supply of eggs.
C)a shift in the supply curve for eggs.
D)a 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 for eggs, as it would cause an increase in the quantity demanded of eggs. This is because a lower price would make eggs more affordable and attractive to consumers, leading to an increase in the quantity demanded. The demand curve itself is not shifting, as the decrease in price is a movement along the existing demand curve.

A Decrease in the Price of Eggs Will Result In