QUESTION IMAGE
Question
an inward shift of a demand curve would indicate which of the following?
a decrease in price
an increase in demand
a decrease in demand
a decrease in supply
A shift in the demand curve (as opposed to movement along it) reflects a change in demand at all price levels. An inward (leftward) shift means consumers are willing and able to buy less of the good at every given price, which is defined as a decrease in demand. A price change causes movement along the curve, not a shift. An outward shift would mean increased demand, and supply shifts affect the supply curve, not demand.
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a decrease in demand