Question

) Which of the following sounds the most like a horizontal reading of a decrease in...

) Which of the following sounds the most like a horizontal reading of a decrease in demand? Select one:

a. "Because the price has fallen, buyers are willing to buy more of a good."

b. "At every quantity, buyers are willing to pay less for that quantity.

" c. "At every price, buyers are willing to buy less at that price."

d. "Because the price has risen, buyers are willing to buy less of a good."

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Answer #1

"C"

A decrease in the demand will shift the demand curve to the left and buyers will be buying less at every price. The answer is "C".

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