All else held constant, an increase in the price of tablets will result in a A. leftward shift of the demand curve for tablets. B. rightward shift of the demand curve for tablets. C. decrease in the demand for tablets. D. movement up and to the left along the demand curve for tablets.

Question

Francisco Harrison

Business

1 May, 10:32

All else held constant, an increase in the price of tablets will result in a A. leftward shift of the demand curve for tablets. B. rightward shift of the demand curve for tablets. C. decrease in the demand for tablets. D. movement up and to the left along the demand curve for tablets.

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Answers (1)

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Bria Dean · Answer 1

The correct answer is option D.

Explanation:

According to the law of demand, there is an inverse or negative relationship between the price level and quantity demanded of a commodity.

So, when there is an increase in the price of a commodity, keeping other things constant this will lead to a decline in the quantity demanded.

This change is shown by an upward movement to the left on the same demand curve.