2 1 point Q1) Which of the following statements about demand curves is TRUE? * If price falls and quantity demanded increases, this is represented by a movement along a given demand curve O If price falls and quantity demanded increases, this is represented by a shift of the demand curve If price falls and quantity demanded increases, this can be represented by either a movement along a given demand curve, or a shift of the demand curve O None of the above
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Answer:
if price falls and quantity demanded increase this is represented by a movement along a given demand curve o
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The demand curve O will show a movement when the price falls and the demand increases.
Explanation-
A demand curve shows the price offered and the quantity which is demand by customers. When the price increases, the demand falls and when the price decreases, the demand rises. So, a change in both of these [quantity demanded and price] is shown along the demand curve.
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