Figure: 13-5a
-Figure 13-5a shows that when the price moves from $2.00 to $1.50 per unit,the quantity demanded
A)increases from 3.0 to 4.5 million units per year.
B)decreases from 4.5 to 3.0 million units per year.
C)stays the same.
D)increases from 3.0 to 7.5 million units per year.

Question

Figure: 13-5a 
-Figure 13-5a shows that when the price moves from $2.00 to $1.50 per unit,the quantity demanded
A)increases from 3.0 to 4.5 million units per year. 
B)decreases from 4.5 to 3.0 million units per year. 
C)stays the same. 
D)increases from 3.0 to 7.5 million units per year.

Quizplus · Accepted Answer

When the price decreases from $2.00 to $1.50, the quantity demanded increases from 3.0 to 4.5 million units per year, as typically shown in a demand curve where a lower price leads to higher quantity demanded.

Figure: 13-5a -Figure 13-5a Shows That When the Price Moves from $2.00