Figure 13-5A above shows that when the price for Red Baron frozen cheese pizzas moves from $8 to $6 per unit along the demand curve D₁,the quantity demanded A)increases from 2 to 3 million units per year. B)decreases from 3 to 2 million units per year. C)stays the same. D)increases from 6 to 8 million units per year. E)decreases from 8 to 6 million units per year.

Question

Quizplus · Accepted Answer

When the price decreases from $8 to $6, the quantity demanded increases from 2 to 3 million units per year, as per the demand curve D1.

Figure 13-5A Above Shows That When the Price for Red