In 2015 the price of diamond jewellery dropped by between 12-15%. The drop in price has been linked to the loosening of the De Beer Group of Companies' monopoly over the diamond trade. Select the item from the list provided to make the following statements true. - A drop in price (ceteris paribus) would see an economist refer to the impact on the demand curve for diamonds as a __________. - How would the impact on demand be described if there was an increase in the price and decrease in quantity demanded of diamonds, ceteris paribus? ________ - If the quantity demanded of diamonds decrease, ceteris paribus, this could be explained if the price of diamonds __________. 1. Movement up and along the demand curve 2. Increase 3. Not equal 4. Shift to the left of the demand curve 5. Decrease 6. Decrease in demand 7. Shift right of the demand curve 8. Shift left of the supply curve 9. Movement both up and down along the demand curve 10. Movement down and along the demand curve 11. Not enough information to know 12. Nothing has changed