29)A movement down the given demand curve shows:
Select one:
a. Decrease in demand
b. Increase in demand
c. Contraction in demand
d. Extension in demand
Answers
Answer:
The demand curve is downward sloping, indicating the negative relationship between the price of a product and the quantity demanded. For normal goods, a change in price will be reflected as a move along the demand curve while a non-price change will result in a shift of the demand curve.
Explanation:
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Answer:
A movement down the given demand curve shows: The answer is option
(a) Decrease in demand
Explanation:
When a good or service's price goes up but fewer people are requesting the same amount of it, there is a fall in demand. A demand curve, which depicts the relationship between price and quantity demanded, can be used to represent this change in demand. The demand curve slopes downward as the price rises, indicating a decline in demand. Adjustments in consumer tastes and preferences, income fluctuations, pricing changes for connected goods and services, and shifts in the availability of alternatives are just a few of the elements contributing to this transition. The link between the price of a good and the quantity that consumers are willing and able to buy at that price is represented graphically by the demand curve.
To learn more about demand, visit:
https://brainly.in/question/1843001
To learn more about consumers, visit:
https://brainly.in/question/6834593
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