Answered

Discover how IDNLearn.com can help you find the answers you need quickly and easily. Discover in-depth and reliable answers to all your questions from our knowledgeable community members who are always ready to assist.

If there is an increase in the price of chocolate candy, what can be expected with respect to the demand curve?

A. An increase in demand
B. An increase in quantity demanded
C. A decrease in demand
D. A decrease in quantity demanded

Sagot :

GinnyAnsweridn

Final answer:

An increase in the price of chocolate candy leads to a decrease in quantity demanded along the demand curve. An increase in demand shifts the curve to the right, while a decrease in demand shifts it to the left.


Explanation:

When there is an increase in the price of chocolate candy, it leads to a decrease in quantity demanded along the demand curve. This is because as the price of the chocolate candy rises, consumers tend to purchase less of it.

If there is an increase in demand, the entire demand curve shifts to the right, indicating that at every price level, more quantity will be demanded. Conversely, a decrease in demand would shift the curve to the left, resulting in fewer quantities demanded at each price level.


Learn more about Demand Curve and Price Changes here:

https://brainly.com/question/38030597


We greatly appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. Find clear answers at IDNLearn.com. Thanks for stopping by, and come back for more reliable solutions.