An increase in the price of pork will lead to
A) a movement up along the demand curve.
B) a movement down along the demand curve.
C) a rightward shift of the demand curve.
D) a leftward shift of the demand curve.

Question

Quizplus · Accepted Answer

An increase in the price of pork will lead to a movement up along the demand curve because as the price of pork increases, consumers will demand less of it. This means that they will shift to a lower point on the demand curve, resulting in a movement up along the curve.

An Increase in the Price of Pork Will Lead to