Question

A decrease in quantity demanded is graphically represented by:
▪leftward shift of the demand curve
▪A movemet up and to the left on the demand curve
▪A movement down and to right on demand curve
▪Rightward shift of demand curve

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Answer of the previous question
When same units are demanded at a higher price,It is an "Increase in demand".


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Answer 1

Answer:

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Answer 2

Answer:

The correct answer is option (a) leftward shift of the demand curve.

Explanation:

Here the concept used is called shift in demand curve. So, the shift in demand curve occurs when the determinants of demand change in which price is not included. in such case price remains the same but the demand of particular goods and services decreases or increases. Shift can be on both side that is may be in leftward or in rightward. A shift in demand is an unusual phenomenon in which there are change in the determinant of demands and these determinants are income of the buyers, trends and taste of customers , uncertainty with future price, supply and needs etc.

So, there is leftward shift of the demand curve indicates that there is decrease in quantity demanded.

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