There has been a decrease in the demand for socks.This change can be shown graphically as:

Question

Quizplus · Accepted Answer

A decrease in demand means that consumers are willing to buy fewer socks at any given price. This is represented by a shift in the demand curve to the left. A movement along the demand curve indicates a change in quantity demanded due to a change in price, but in this case, the change in demand is not related to a change in price. Therefore, option B is the best choice.

There Has Been a Decrease in the Demand for Socks