For a normal good, a decrease in demand is represented as a A. rightward shift of the demand curve. B. leftward shift of the demand curve. C. movement down and to the right along the demand curve. D. movement up and to the left along the demand curve.

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07-01-2020
Business

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For a normal good, a decrease in demand is represented as a A. rightward shift of the demand curve. B. leftward shift of the demand curve. C. movement down and to the right along the demand curve. D. movement up and to the left along the demand curve.

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osondumartins osondumartins · Answer 1 · 2020-01-07T06:54:26+01:00

Answer: B. Left-ward shifting of the demand curve

Explanation: A decrease in demand for a Normal goods shows that the demand for that product is deceased. Most normal goods experience shifts mainly causes by economic/ market forces which may include the change in price, change in income levels,change in Government spending etc. For a normal goods to have a shift to the left,it must have been faced with a decrease in demand which can be caused by one or more of the factors listed or other market conditions.

For a normal​ good, a decrease in demand is represented as a A. rightward shift of the demand curve. B. leftward shift of the demand curve. C. movement down and to the right along the demand curve. D. movement up and to the left along the demand curve.

Respuesta :

Otras preguntas

For a normal good, a decrease in demand is represented as a A. rightward shift of the demand curve. B. leftward shift of the demand curve. C. movement down and to the right along the demand curve. D. movement up and to the left along the demand curve.