A decrease in demand would be represented by
A)the price of a good going from $3 to $4.
B)an increase in the cost of resources used to produce the good.
C)a movement along the demand curve.
D)a shift of the demand curve to the left.

Question

Quizplus · Accepted Answer

A decrease in demand means that consumers are willing and able to buy less of a good or service at a given price. This is represented by a leftward shift of the demand curve. Therefore, the correct answer is D, which indicates a shift of the demand curve to the left. The other choices are either unrelated (B) or indicative of an increase in demand (A and C).

A Decrease in Demand Would Be Represented by