Economics · Theory of Demand
A downward movement along a downward-sloping demand curve signifies which of the following?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A decrease in the price of complementary goods
- 2An increase in consumer income
- 3Extension of demand due to a price decrease✓
- 4Contraction of demand due to a price increase
Correct answer
Extension of demand due to a price decrease
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