Figure 2.3.1.
-Look at the market for water in Figure 2.3.1. A movement from point D to point B is caused by a(n)
A) fall in the price of water.
B) rise in the price of water.
C) increase in the number of consumers.
D) rise in the expected future price of water.
E) fall in the expected future price of water.

Question

Figure 2.3.1. 
-Look at the market for water in Figure 2.3.1. A movement from point D to point B is caused by a(n)
A) fall in the price of water. 
B) rise in the price of water. 
C) increase in the number of consumers. 
D) rise in the expected future price of water. 
E) fall in the expected future price of water.

Quizplus · Accepted Answer

A movement from point D to point B on a demand curve indicates a decrease in quantity demanded due to a fall in the price of water.

Figure 2.3.1. -Look at the Market for Water in Figure 2.3.1. a Figure