If the quantities in the demand schedule in the table above were reduced by 2 units at each price,you would conclude that

Question

Quizplus · Accepted Answer

If the quantities in the demand schedule are reduced by 2 units at each price, it means that the demand has decreased. This is because at every price point, there is a reduction in the quantity of goods demanded which suggests a decrease in demand. The demand curve has not shifted to the right because there is no indication of an increase in demand at any given price in the schedule. Therefore, the answer is B.

If the Quantities in the Demand Schedule in the Table