Economics – The allocation of resources - Demand | e-Consult

The movement along the demand curve that results from a decrease in the price of apples is a movement down the demand curve.

Explanation: The law of demand states that as the price of a good decreases, the quantity demanded increases, assuming all other factors remain constant (ceteris paribus). This relationship is represented graphically by a downward-sloping demand curve. A lower price makes apples more affordable, leading consumers to demand a larger quantity. Therefore, the movement is down the curve, reflecting the increased quantity demanded at each price level.