All else equal, the decrease in consumer preference predicted by Apple for its iPhone 5 would be represented by a________.
A)shift of the supply curve for iPhones to the right.
B)shift of the supply curve for iPhones to the left.
C)shift of the demand curve for iPhones to the right.
D)shift of the demand curve for iPhones to the left.

Question

Quizplus · Accepted Answer

A decrease in consumer preference would mean a decrease in demand for iPhones, which would shift the demand curve for iPhones to the left.

All Else Equal, the Decrease in Consumer Preference Predicted by Apple