When quantity demanded decreases in response to a change in price:
A)the demand curve shifts to the right.
B)the demand curve shifts to the left.
C)there is a movement down along the demand curve.
D)there is a movement up along the demand curve.

Question

When quantity demanded decreases in response to a change in price:
A)​the demand curve shifts to the right.
B)​the demand curve shifts to the left.
C)​there is a movement down along the demand curve.
D)​there is a movement up along the demand curve.

Quizplus · Accepted Answer

A decrease in quantity demanded due to a price change results in a movement up along the demand curve, indicating a higher price and lower quantity demanded.

When Quantity Demanded Decreases in Response to a Change in Price