In a hypothetical country, the population is expected to decrease by 25% following recent legislation strengthening the barriers that restrict immigration. If all other economic forces are held constant, how would this decrease in population influence demand?(1 point)
Responses
shift the demand curves for all goods and services to the right
shift the demand curves for all goods and services to the right
shift the demand curves for all goods and services to the left
shift the demand curves for all goods and services to the left
a movement downward along the demand curve
a movement downward along the demand curve
a movement upward along the demand c
urve
a movement upward along the demand curve
The correct answer is: shift the demand curves for all goods and services to the left
When the population decreases, there are fewer people to consume goods and services, leading to a decrease in overall demand. This would cause the demand curves for all goods and services to shift to the left.