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Figure: Interpreting Demand Curves
-(Figure: Interpreting Demand Curves)In the demand curve shown,an increase in price from $1 to $2 will:

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Use the following to answer question 
Figure: Interpreting Demand Curves 
-(Figure: Interpreting Demand Curves)In the demand curve shown,an increase in price from $1 to $2 will:

Quizplus · Accepted Answer

According to the demand curve, as the price increases from $1 to $2, the quantity demanded decreases from 30 to 20 units. This is represented by the downward slope of the demand curve, indicating an inverse relationship between price and quantity demanded. Therefore, the correct answer is B, which states that an increase in price will cause quantity demanded to fall from 30 to 20 units.

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