QUESTION IMAGE
Question
decrease in demand
choose an answer
demand curve shifts to the left
demand curve shifts to the right
supply curve shifts to the left
supply curve shifts to the right
Brief Explanations
A decrease in demand means that at each price level, the quantity demanded is lower. This causes the demand curve to shift to the left. Supply - related shifts are due to factors affecting supply, not demand changes. So for a decrease in demand, the demand curve shifts left.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
Demand curve shifts to the LEFT