Asked by Gabrielle Richard on May 26, 2024
Verified
If the number of buyers decreases,the demand curve will shift to the _____ and the price will ____.
A) left; fall
B) right; fall
C) right; rise
D) left; rise
Demand Curve
Graph of the amount of a product that buyers will purchase at different prices.
- Gain an understanding of the essential principles behind demand, such as the law of demand and the reasons for shifts in the demand curve.
Verified Answer
KH
Kayla HobbsMay 28, 2024
Final Answer :
A
Explanation :
When the number of buyers decreases, the demand for a product decreases, leading to a leftward shift in the demand curve. This typically results in a lower equilibrium price, hence the price will fall.
Learning Objectives
- Gain an understanding of the essential principles behind demand, such as the law of demand and the reasons for shifts in the demand curve.