Consider a demand curve for peaches.Which of the following movements will be observed if the price of peaches decline at a point in time?

Question

Quizplus · Accepted Answer

A decline in price will lead to an increase in the quantity demanded of peaches, resulting in a movement down along the demand curve. This is a movement along the curve, not a rotation or shift. So, options A, C, and E are incorrect. Only option B is incorrect.

Consider a Demand Curve for Peaches