Multiple Choice
A decrease in demand for a good could mean that
A) consumers are willing to pay a higher price for each quantity of the good
B) consumers are willing to buy larger quantities of the good at each price
C) the demand curve has undergone a parallel shift to the right
D) the demand curve has undergone a nonparallel shift to the right
E) the demand curve has shifted to the left
Correct Answer:
Verified
Correct Answer:
Verified
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