Multiple Choice
Which of the following statements is CORRECT?
A) A change in demand is a movement along the demand curve, and a change in quantity demanded is a shift of the demand curve.
B) Both a change in quantity demanded and a change in demand are movements along the demand curve, only in different directions.
C) Both a change in quantity demanded and a change in demand are shifts of the demand curve, only in different directions.
D) A change in quantity demanded is a movement along the demand curve, and a change in demand is a shift of the demand curve.
Correct Answer:
Verified
Correct Answer:
Verified
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