Question

If the demand curve for a good shifts leftward A-quantity demanded is less at each price...

If the demand curve for a good shifts leftward

A-quantity demanded is less at each price

B-quantity demanded remains constant at each price

C-quantity demanded is greater at each price

D-demand is greater at each price

Homework Answers

Answer #1

Answer:

Option A - quantity demanded is less at each price is the right option.

Explanation:

The left shift in the demand curve indicates that demand has declined as consumers are buying fewer products at the same price.
For example, if a candy shop is able to sell only one candy bar while charging $7 per day but suddenly 15 people came to buy the same, then seller will increase its price to $ 10 for each candy bar, then the demand curve would shift to the right to show an increase in demand., and Probably, when zero or minimum people come to buy a candy bar, so the store price will drops to the $7 again.
This indicates the change in quantity demanded represented by the rightward and leftward shift in demand curve of a good.

(Note: Do voteup if this helps you, Thank You)

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
One reason that the quantity demanded of a good increases when its price falls is that...
One reason that the quantity demanded of a good increases when its price falls is that the A. price decline shifts the supply curve to the left. B. lower price increases the real incomes of buyers, enabling them to buy more. C. lower price shifts the demand curve to the left. D. lower price shifts the demand curve to the right.
A perfectly inelastic demand curve indicates that a. price has no effect on the quantity demanded....
A perfectly inelastic demand curve indicates that a. price has no effect on the quantity demanded. b. for a given percent change in price, the quantity demanded rises by the same percentage. c. the percent change in price is less than the percent change in quantity demanded. d. a producer can sell as many units as desired at the market price but no units above the market price.
A sales tax imposed on sellers of a good A. decreases the demand and shifts the...
A sales tax imposed on sellers of a good A. decreases the demand and shifts the demand curve rightward. B. decreases the supply and shifts the supply curve leftward. C. decreases both the demand and the supply and shifts both the demand and supply curves leftward. D. decreases the supply and shifts the supply curve rightward. E. has no effect on either the demand or the supply.
For each of the following assume that the supply curve shifts while the demand curve remains...
For each of the following assume that the supply curve shifts while the demand curve remains constant. What is the direction of the supply shift and relative elasticity of demand? 1.) Price falls significantly. Quantity hardly changes at all. Demand is ____ a.) perfectly elastic b.)highly inelastic c.)highly elastic 2.) Prices do not change. Quantity decreases significantly. Demand is _________ a.) highly elastic b.) perfectly elastic c.) highly inelastic Can anyone help?
If the price of a good A goes from $5 to $4 and the quantity demanded...
If the price of a good A goes from $5 to $4 and the quantity demanded goes from 60 to 70, the price elasticity of demand is? a. elastic (greater than 1) b. inelastic (less than 1) c. unitary elastic (equal to 1) d. none of the above
1. Define the quantity demanded of a good or service. 2. What does the demand curve...
1. Define the quantity demanded of a good or service. 2. What does the demand curve tell us about the price that consumers are willing to pay? 3. What is the equilibrium price of a good or service?
2. According to the law of demand, other things being equal, the lower the price of...
2. According to the law of demand, other things being equal, the lower the price of an assigned textbook, the _______________ the quantity demanded of assigned textbooks will be, and the ______________ likely students will seek out an alternative to the assigned textbook. Group of answer choices lower; less lower; more higher; less higher; more 4. Other things being equal, an increase in the number of sellers of a good will __________________ for that good. Group of answer choices increase...
1.   Which one of the following shifts the aggregate demand curve leftward? Select one: a. An...
1.   Which one of the following shifts the aggregate demand curve leftward? Select one: a. An increase in the wage rate. b. An increase in the price level. c. An increase in expected deflation. d. A decrease in taxes. e. A decrease in the interest rate. 2.   Consider an economy starting from a position of full employment. Which one of the following changes does not occur as a result of an increase in aggregate demand? Select one: a. Real GDP...
A measure of the rate of percentage change of quantity demanded with respect to price, holding...
A measure of the rate of percentage change of quantity demanded with respect to price, holding all other determinants of demand constant is a. Income elasticity of demand b. Own price elasticity of demand c. Price elasticity of market equilibrium d. Cross price elasticity of demand The value of the income elasticity of demand coefficient for Good X is  given as 0.1. This means that a. as income increases by 10 percent, quantity demanded rises by 1 percent. b. as income...
1. The less sensitive quantity demanded is to a change in​ price, the A. closer the...
1. The less sensitive quantity demanded is to a change in​ price, the A. closer the absolute price elasticity of demand is to one. B. smaller the absolute price elasticity of demand. C. smaller a change in price must be to induce a certain change in quantity demanded. D. greater the absolute price elasticity of demand. 2. When increased demand raises the price of the​ product, the A. marginal revenue product will fall. B. sales will fall. C. marginal revenue...