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Which of these situation is most likely to lead to a decrease in price of a good

Which of these situation is most likely to lead to a decrease in price of a good-example-1

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7 votes
Option A. Demand decreases and supply remains the same. Hope this helps :)
answered
User Musical Shore
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The correct answer is: "demand decreases and supply remains the same".

If the demand curve decreases and experiences a shift to the left while the supply curve remains in its original position, it can be claimed that both the price charged and the amount exchanged (quantity demanded = quantity supplied) have decreased in this market in the newly-reached equilibrium point. The graph attached illustrates this situation.

Which of these situation is most likely to lead to a decrease in price of a good-example-1
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User Acuminate
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