Question

There is a decrease in demand when there is ______.

Options

• fall in demand with decrease in price

• fall in demand with same price

• fall in demand with increase in price

• none of these

Answer 1

There is a decrease in demand when there is fall in demand with same price.

Explanation:

A decrease in demand means consumers buy less at the same price because of a change in a factor other than the good’s own price. A change caused by the good’s own price is a movement along the demand curve.