If the price of automobiles were to decrease substantially,the demand curve for automobiles would most likely
A) shift rightward.
B) shift leftward.
C) remain unchanged.
D) become steeper.

Question

Quizplus · Accepted Answer

A decrease in the price of automobiles affects the quantity demanded rather than the demand curve itself. The demand curve stays the same, but movement occurs along the curve to a higher quantity demanded.

If the Price of Automobiles Were to Decrease Substantially,the Demand