If buyers’ value for bicycles decrease ,the demand curve for bicycles will ______.1 pointShift to the leftNot changeWe can’t sayShift to the right

Break Down the Problem

1. Identify the main concept: The relationship between buyers' value and demand.
2. Understand how demand curves shift based on changes in buyers' perceptions and values.

Relevant Concepts

• The demand curve represents the relationship between the price of a good and the quantity demanded.
• A decrease in buyers' value for a product generally leads to a decrease in demand.

Analysis and Detail

1. When the value buyers place on bicycles decreases, it indicates that consumers are less willing to purchase bicycles at existing prices.
2. This decreased willingness to pay typically results in a leftward shift of the demand curve.

Verify and Summarize

• A leftward shift in the demand curve signifies that at each price level, the quantity demanded of bicycles has decreased.

Final Answer

The demand curve for bicycles will shift to the left.