Question

We say that there is a decrease in demand when ______

Options

• Fall in demand, with same price.

• Fall in demand, with decrease in price.

• Fall in demand, with increase in price.

• None of the above.

Answer 1

We say that there is a decrease in demand when Fall in demand, with same price.

Explanation:

The price of the commodity is represented by the Y-axis of the demand curve; anytime demand falls, the curve changes and the quantity demanded falls.