An increase in the price of digital cameras will result in a(n)
A) shift of the demand curve for digital cameras to the left.
B) decrease in the demand for digital cameras.
C) shift of the demand curve for digital cameras to the right.
D) movement up and to the left along the demand curve for digital cameras.

Question

Quizplus · Accepted Answer

An increase in the price of digital cameras does not shift the demand curve itself but results in a movement along the demand curve. This movement is up and to the left, indicating a decrease in quantity demanded at higher prices.

An Increase in the Price of Digital Cameras Will Result