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

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

Quizplus · Accepted Answer

A decrease in demand means that the entire demand curve shifts to the left. Movement along the curve only occurs due to a change in price, not a change in demand. Therefore, the correct choice is a shift in the demand curve to the left, which is represented graphically by a leftward shift of the entire curve.

There Has Been a Decrease in the Demand for Socks