An decrease in demand is represented by a
A) shift of the demand curve to the left.
B) shift of the demand curve to the right.
C) movement down the demand curve.
D) movement up the demand curve.

Question

Quizplus · Accepted Answer

A decrease in demand means that consumers are less willing and able to buy a certain good or service at every price level. This leads to a leftward shift of the demand curve due to factors such as changes in consumer tastes, incomes, prices of related goods, or demographic changes. Alternatively, a movement along the demand curve would occur due to a change in the price of the good itself, but such a change would not represent a decrease in demand.

An Decrease in Demand Is Represented by a