Asked by
Karissa Juneau
on Oct 12, 2024
Verified
A move from D1 to D2 is a(n) : ____.
A) an increase in quantity demanded
B) a decrease in quantity demanded
C) an increase in demand
D) a decrease in demand
Quantity Demanded
The amount of a product that consumers are willing and able to purchase at a given price within a specific time period.
Demand
The quantity of a good or service that consumers are willing and able to purchase at a given price.
Increase
A rise in the quantity, size, number, or degree of something.
- Identify the distinction between a change in quantity demanded or supplied (movement along the curve) and a change in demand or supply (shift in the curve).
Verified Answer
CP
Learning Objectives
- Identify the distinction between a change in quantity demanded or supplied (movement along the curve) and a change in demand or supply (shift in the curve).