Which of the following statements is FALSE about the demand curve?
A) An increase in demand shifts the demand curve to the left, closer to the price axis.
B) When only the price of a good changes, there is movement along the demand curve but no change in demand.
C) A change in demand is graphically shown by shifting the entire demand curve.
D) When demand decreases, there is a drop in the quantity demanded at each price.

Question

Quizplus · Accepted Answer

An increase in demand shifts the demand curve to the right, further away from the price axis. This is because at each price level, consumers are willing to buy more of the good, leading to a higher quantity demanded.

Which of the Following Statements Is FALSE About the Demand