A shift in demand curve towards the origin with given supply curve causes: |
Quantity to decrease, price to fall Quantity to decrease, price to increase Quantity to increase, price to fall Quantity to increase, price to increase |
Quantity to decrease, price to fall |
The correct answer is option 1: Quantity to decrease, price to fall A shift in the demand curve towards the origin means that demand is decreasing while the supply curve remains unchanged.
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