Which of the following statements is FALSE?
A) If there is an increase in the demand for a product, consumers want to buy more of the product at each and every possible price.
B) A decrease in demand shifts the demand curve leftward toward the origin, while a decrease in quantity demanded involves a movement upward along a particular demand curve.
C) If the price of a good rises, the quantity demanded of the good decreases and the demand curve shifts toward the origin.
D) A change in the demand for a product is caused by factors other than changes in the product's price.
Correct Answer:
Verified
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