When there is decrease in demand the demand curve:

A. Moves (shifts) towards the axis

B. Moves (shifts) away from the axis

C. Remains unchanged

D. All of the above

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. The number of sellers in oligopoly are:
  2. Elasticity of Substitution (s) is defined as:
  3. A country is advised to devalue (reduce external value of) its currency only when its exports face:
  4. Marginal cost is found with the help of changes in:
  5. The number of firms in monopolistic competition normally range between:
  6. If less is demanded at the same price or same quantity demanded at a lower price, it is a case of:
  7. Income-elasticity of demand is expressed as:
  8. Which of the following is assumed to be constant when a supply curve is drawn:
  9. The Substitution Effect (S.E) is always:
  10. The Latin term citeris paribus means:
  11. The Input-Output Analysis was originated by:
  12. Any expansion in output by a firm in the short period will always reduce the:
  13. A firm in a position of equilibrium is supposed to be maximizing:
  14. When total product increases at a decreasing rate:
  15. Engel curves shows that:
  16. If there are many firms producing similar but differentiated products, the competition is generally…
  17. In the case of superior (normal) commodity, the income elasticity of demand is:
  18. Total variable cost curve:
  19. The Strategy of Economic Development is the work of:
  20. The slope of isocost line (budget line) shows:
  21. Law of Returns to Scale shows:
  22. If as a result of a decrease in price, total outlay (expenditures) on a commodity increases, its price-elasticity…
  23. Equilibrium of a firm represents maximization of profits as well as:
  24. The shape of the TC curve is:
  25. The entry of new firms in cournot model is:
  26. The combination of labor and capital where the cost of a given output is minimized is known as:
  27. The short run cost curve is U shaped because of:
  28. If the demand curve is inelastic then:
  29. Identify the work of Irving Fisher:
  30. The demand curve of ostentation goods (Veblen goods) will be: