Multiple Choice
How does a change in demand differ from a change in the quantity demanded?
A) A change in demand can only be caused by a change in price, whereas a change in quantity demanded can be caused by anything other than a change in price.
B) A change in quantity demanded is a shift of the demand curve, whereas a change in demand is a movement along the demand curve.
C) A change in demand can only occur in the long run, whereas a change in quantity demanded is specifically short run.
D) A change in demand is a shift of the demand curve, whereas a change in quantity demanded is a movement along the demand curve.
E) A change in demand can only occur in the short run, whereas a change in quantity demanded is specifically long run.
Correct Answer:
Verified
Correct Answer:
Verified
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