Figure 13-5A -Figure 13-5A above shows that when the price moves from $2.00 to $1.50 per unit along the demand curve D₁,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. E) decreases from 7.5 to 3.0 million units per year.

Question

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When the price decreases from $2.00 to $1.50 per unit, the quantity demanded increases from 3.0 to 4.5 million units per year along the demand curve D1.

Figure 13-5A -Figure 13-5A Above Shows That When the Price Moves from Moves