how-does-an-increase-in-price-and-a-decrease-in-quantity-affect-the-position-of-

Question

How does an increase in price and a decrease in quantity affect the position of a point on a demand graph?

Accepted Answer

The point moves upwards and to the left.

Answer

The point remains in the same position.

Answer

The point moves upwards and to the right.

Answer

The point moves downwards and to the right.