Consider the demand curve below. If the price of the good were to decrease, holding other determining factors constant, we would expect Group of answer choices a) a rotation of the demand curve around the original price, quantity point on it. b) a rightward shift in the demand curve. c) a leftward shift in the demand curve. d) a movement along the demand curve, upward and to the left e) a movement along the demand curve, downward and to the right.
Consider the demand curve below. If the price of the good were to decrease, holding other determining factors constant, we would expect Group of answer choices a) a rotation of the demand curve around the original price, quantity point on it. b) a rightward shift in the demand curve. c) a leftward shift in the demand curve. d) a movement along the demand curve, upward and to the left e) a movement along the demand curve, downward and to the right.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Consider the
If the
Group of answer choices
a) a rotation of the demand curve around the original price, quantity point on it.
b) a rightward shift in the demand curve.
c) a leftward shift in the demand curve.
d) a movement along the demand curve, upward and to the left
e) a movement along the demand curve, downward and to the right.
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