Answered

Find the best solutions to your problems with the help of IDNLearn.com's experts. Our platform is designed to provide trustworthy and thorough answers to any questions you may have.

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


Your participation means a lot to us. Keep sharing information and solutions. This community grows thanks to the amazing contributions from members like you. Find clear and concise answers at IDNLearn.com. Thanks for stopping by, and come back for more dependable solutions.