When there is a decrease in demand,
A)the demand curve shifts to the right of the original demand curve.
B)the demand curve rotates clockwise.
C)the demand curve shifts to the left of the original demand curve.
D)the demand curve rotates counterclockwise.
E)a lower price has increased the amount of the good that consumers will buy.

Question

Quizplus · Accepted Answer

A decrease in demand means that consumers are willing and able to buy less of a product at any given price. As a result, the demand curve shifts to the left of the original demand curve, indicating a decrease in the quantity demanded at each price level.

When There Is a Decrease in Demand