Multiple Choice
Which of the following is a difference between a change in quantity demanded and a change in demand?
A) A change in quantity demanded is caused by a change in a good's own current price, while a change in demand is caused by a change in some other variable, such as income, tastes, or expectations.
B) A change in demand is caused by a change in a good's own current price, while a change in quantity demanded is caused by a change in some other variable, such as income, tastes, or expectations.
C) A change in quantity demanded is a change in the amount people actually buy, while a change in demand is a change in the amount they want to buy.
D) A change in quantity demanded of a good is caused by a change in the availability of the good, while a change in demand is caused by a change in the price of the good.
E) A change in quantity demanded is illustrated by a shift in the demand curve, while a change in demand is illustrated by a movement along the given demand curve.
Correct Answer:
Verified
Correct Answer:
Verified
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