Refer to Figure 20.2 for the following questions.
Figure 20.2
-Refer to Figure 20.2.Suppose that Italians reduce their demand for Australian steel by half.Assuming all else remains constant,this would be represented as a movement from ________.

Question

Refer to Figure 20.2 for the following questions.
Figure 20.2

-Refer to Figure 20.2.Suppose that Italians reduce their demand for Australian steel by half.Assuming all else remains constant,this would be represented as a movement from ________.

Quizplus · Accepted Answer

If Italians reduce their demand for Australian steel by half, the demand curve will shift to the left, from D2 to D1. This is because the quantity demanded at any given price will be lower after the reduction in demand.

Refer to Figure 20.2 for the Following Questions