When the price of a good falls,there will be

Question

Quizplus · Accepted Answer

When the price of a good falls, there will be a movement along the good's demand curve. This is because the quantity demanded will increase as the price decreases, which is represented as a movement along the demand curve. An outward shift in the demand for the good would occur if there were factors that increased demand at all price levels, such as a change in consumer preferences or an increase in population. However, a decrease in price alone does not cause an outward shift in demand.

When the Price of a Good Falls,there Will Be