Multiple Choice
The difference between an increase in demand and an increase in quantity demanded is:
A) an increase in quantity demanded is the result of a decrease in price only.
B) an increase in demand can result from a change in price or a change in a constant factor,
Whereas an increase in quantity demanded results only from a change in price.
C) an increase in demand can result from a change in price or a change in a constant factor, whereas an increase in quantity demanded results only from a change in one of the constant factors.
D) an increase in demand is the result of a price change only.
Correct Answer:
Verified
Correct Answer:
Verified
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