Refer to Figure 3.7. A movement from Point C to Point B on demand curve D₂ would be caused by a(n)

A) decrease in income, assuming pizza is a normal good.
B) decrease in the price of hamburgers, assuming that pizza and hamburgers are substitutes.
C) decrease in the price of pizza.
D) increase in the price of pizza.

Demand Curve

Graphically illustrates the quantity of a product or service consumers are willing to buy at various price points, underlining the inverse relationship between price and demand.

Price

The expenditure required to procure a good, service, or asset.

Income

The amount of money received by an individual or entity over a specified period, usually through employment, business, or investments.