If something changes that makes people less willing to buy a good at every possible price, this represents:
A) an increase in quantity demanded.
B) a decrease in quantity demanded.
C) an increase in demand.
D) a decrease in demand.

Question

Quizplus · Accepted Answer

This scenario describes a decrease in demand, which means that at every price level, the quantity of the good that consumers are willing to purchase has decreased. This is different from a decrease in quantity demanded, which occurs when the price of the good itself increases, leading to a movement along the demand curve rather than a shift of the demand curve.

If Something Changes That Makes People Less Willing to Buy