Question
A decrease in demand means that a. price has declined and consumers want to purchase more of the good. b. the price of the good
A "decrease in demand" means that
a. price has declined and consumers want to purchase more of the good.
b. the price of the good can be expected to decline, assuming supply stays constant.
c. the demand curve has shifted to the right.
d. the demand curve has shifted to the left.
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Economics of Money, Banking and Financial Markets
Authors: Frederic S. Mishkin
9th Edition
ISBN: 978-0321607751, 9780321599797, 321607759, 0321599799, 978-0321598905
