When the money
value of time price increases by $1, the demand
curve shifts downward by $1. In other words, people would
be willing to buy the same amount of the good if the TOTAL PRICE
stays the same -- that is, if the money price falls so that the fall
in the money price exactly offsets the rise in the time price.
The quantity demanded is the same if the money price falls by $1, because
that exactly offsets the $1 increase in the time price. This appears
in the graph as a downward-shift of the demand curve by $1.
Similarly, when the money
value of time price falls by $1, the demand curve shifts
upward by $1. In other words, people would be willing to buy
the same amount of the good if the TOTAL PRICE stays the same --
that is, if the money price rises so that the rise in the money price
exactly offsets the fall in the time price. (If the money price
does not rise, or rises by less than this, then the people want to buy
more of the good.) The quantity demanded is the same if the money
price rises by $1, because that exactly offsets the $1 decrease in the
time price. This appears in a graph as an upward-shift of the demand
curve by $1, similar to the shift in Figure 6.5 of the textbook (page 144).