Which of the following illustrates movement along the demand curve?
A)Demand increases due to a drop in price.
B)Demand increases due to a competitor leaving the market.
C)Demand increases due to consumer tastes changing.
D)Demand increases due to a competitor increasing its prices.
E)Demand increases due to an increase in consumer incomes.

Question

Quizplus · Accepted Answer

With a movement along a demand curve,as the price is lowered,the quantity demanded increases assuming that other demand factors such as consumer tastes,price and availability of substitutes,and consumer income remain unchanged.

Which of the Following Illustrates Movement Along the Demand Curve