Which of the following best represents the effects of a decrease in the price of tea?

Question

Quizplus · Accepted Answer

When the price of a good decreases, it becomes relatively cheaper compared to other goods and consumers tend to buy more of it. This results in a downward movement along the demand curve for that good, as the quantity demanded increases. Therefore, the best representation of the effects of a decrease in the price of tea is a downward movement along the demand curve for tea.

Which of the Following Best Represents the Effects of a Decrease