Figure 3-1

-Refer to Figure 3-1.A decrease in the price of the product would be represented by a movement from
A)A to B.
B)B to A.
C)D₁ to D₂.
D)D₂ to D₁.

Name: Figure 3-1 -Refer to Figure 3-1.A decrease in the price of the product would be represented by a movement from A)A to B. B)B to A. C)D₁ to D₂. D)D₂ to D₁.
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Question

Figure 3-1
 
-Refer to Figure 3-1.A decrease in the price of the product would be represented by a movement from
A)A to B. 
B)B to A. 
C)D₁ to D₂. 
D)D₂ to D₁.

Quizplus · Accepted Answer

A decrease in the price of the product would shift the demand curve to the right, from D₁ to D₂, resulting in a movement from A to B.

Figure 3-1 -Refer to Figure 3-1.A Decrease in the Price of the the Price