FIGURE 4-2

-Refer to Figure 4-2. Which movement of equilibrium illustrates a decrease in the quantity demanded, but NOT a decrease in demand?

Name: FIGURE 4-2 -Refer to Figure 4-2. Which movement of equilibrium illustrates a decrease in the quantity demanded, but NOT a decrease in demand?
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Question

FIGURE 4-2
 
-Refer to Figure 4-2. Which movement of equilibrium illustrates a decrease in the quantity demanded, but NOT a decrease in demand?

Quizplus · Accepted Answer

The movement from Point D to Point B illustrates a decrease in quantity demanded (moving along the demand curve), but not a decrease in demand (which would mean a shift of the entire demand curve).

FIGURE 4-2 -Refer to Figure 4-2. Which Movement of Equilibrium Illustrates a of Equilibrium