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There is a decrease in the price of a pair of blue jeans. What effect would this have on the demand curve for blue jeans?
There is a decrease in the price of a pair of blue jeans. What effect would this have on the demand curve for blue jeans?A rightward shift in the demand curve, without any movement along the existing demand curve. (In other words, an increase in demand.)B) A movement downward and to the right along the existing demand curve, without any shift to a new demand curve. (In other words, an increase in quantity demanded.)C) BOTH a rightward shift in the demand curve, AND a movement downward and to the right along the existing demand curve. (In other words, both an increase in demand and an increase in quantity demanded.)D) NEITHER a shift in the demand curve NOR a movement along the existing demand curve.
There is a decrease in the price of a pair of blue jeans. What effect would this have on the demand curve for blue jeans?A. rightward shift in the demand curve, without any movement along the...