A movement down the given demand curve shows:
A)Increase in demand
B)Decrease in demand
C)Extension in demand
D)Contraction in demand

Name: A movement down the given demand curve shows: A)Increase in demand B)Decrease in demand C)Extension in demand D)Contraction in demand
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Question

Quizplus · Accepted Answer

A movement down the given demand curve indicates an extension in demand, which means that more of a product is being purchased at a lower price, assuming other factors remain constant.

A Movement Down the Given Demand Curve Shows