An increase in the price of a good is shown by a
A) Rightward shift of the demand curve
B) Leftward shift of the demand curve
C) Movement up and to the left along the demand curve
D) Movement down and to the right along the demand curve

Question

Quizplus · Accepted Answer

An increase in the price of a good results in a movement up and to the left along the demand curve, reflecting a decrease in quantity demanded at the higher price, not a shift in the demand curve itself.

An Increase in the Price of a Good Is Shown