Figure 3-1

-Refer to Figure 3-1.A decrease in taste or preference would be represented by a movement from
A)A to B.
B)B to A.
C)D₁ to D₂.
D)D₂ to D₁.

Question

Figure 3-1
 
-Refer to Figure 3-1.A decrease in taste or preference 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 taste or preference would mean that the consumer is willing to purchase less of the good at every price level. This would shift the demand curve to the left, which is represented by a movement from D₂ to D₁.

Figure 3-1 -Refer to Figure 3-1.A Decrease in Taste or Preference Would