When Economists Say That the Demand for a Product Has

Multiple Choice

When economists say that the demand for a product has decreased, they mean that

A) consumers are going to purchase less at any given price.
B) the price has increased and consumers will purchase less of the product.
C) the demand curve has shifted to the right.
D) the product has become more abundant and consumers therefore want it less.
E) consumers would be willing to pay less to receive the same quantity.