A decrease in demand means that the quantity demanded __________(LO2) a) does not fall at any price b) falls only at the equilibrium price c) falls at a few prices d) falls at most prices e) falls at all prices

Demand refers to the willingness and ability of consumers to purchase a certain quantity of a good or service at various prices. Quantity demanded on the other hand is the specific amount of a good or service that consumers are willing and able to purchase at a given price. So, when demand decreases, we need to analyze how this affects the quantity demanded at various prices.

We need to evaluate each option given to determine which one best describes the effect of a decrease in demand on the quantity demanded. a) does not fall at any price: This option implies that a decrease in demand has no impact on the quantity demanded, which is not accurate. b) falls only at the equilibrium price: This option suggests that the quantity demanded decreases only at the point where the demand and supply curves intersect (equilibrium price). However, the decrease in demand affects the quantity demanded at various prices, not just the equilibrium point. c) falls at a few prices: This statement implies that the decrease in demand affects the quantity demanded only at certain specific prices. However, such focused impact is not true for the demand side. d) falls at most prices: This option seems closer to the correct answer, as a decrease in demand would result in a lower quantity demanded for the majority of the prices. e) falls at all prices: This answer implies that the decrease in demand results in a universal drop in quantity demanded. However, this might not always hold true as different variations in demand can have different effects on prices and quantities demanded.

Based on our analysis of all the possible options, option d) "falls at most prices" is the most accurate description of the effect of a decrease in demand on the quantity demanded. As the demand decreases, it would generally result in a lower quantity demanded at most prices.