When quantity demanded decreases in response to a change in price:

Question

BlackTom AI · Accepted Answer

The question asks about what happens to quantity demanded when price changes and causes a decrease in quantity demanded.
Option: 'there is a movement up along the demand curve.' When the price of a good changes, holding all else constant, the quantity demanded responds along the same demand curve. A higher price leads to a smaller quantity demanded, which is represented as movement up and to the left along the demand curve; a lower price leads to a larger quantity demanded, moving down along the curve.
This behavior reflects the law of demand: inverse relationship between price and quantity demanded, with the demand curve itself remaining stationary.
Note that a shift of the entire demand curve would occur if a non-price determinant changed (for example, income, prices of related goods, tastes, expectations, or the number of buyers). In such cases, the quantity demanded at every price would change, causing the curve to shift rather than a movement along it.
Since the question specifies a change in price causing a decrease in quantity demanded, the appropriate description is a movement along the demand curve rather than a shift of the curve.

经济&202 33295 第三章测验

When quantity demanded decreases in response to a change in price:

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Similar Questions

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Which is of the following statements is correct?

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经济&202 33295 第三章测验

When quantity demanded decreases in response to a change in price:

View Explanation

Log in for full answers

Similar Questions

Assuming all other factors remain the same, in a demand curve for most items, raising the price of a purchase typically results in _______.

18. The law of the demand states that there is a _______________ between the price and the quantity of the demand

Which is of the following statements is correct?

经济学家将价格升高导致需求量降低的关系称为 _____________。

需求的性质表明，随着商品价格的上涨：

需求曲线向下倾斜再次说明了随着 _____________ 上升，_________________ 下降的模式。

Economists refer to the relationship that a higher price leads to a lower quantity demanded as the _____________.

The nature of demand indicates that as the price of a good increases:

More Practical Tools for Students Powered by AI Study Helper

Making Your Study Simpler

需求曲线向下倾斜再次说明了随着 _ 上升，_____ 下降的模式。