The difference between a change in quantity demanded and a change in demand is that a change in:
A) 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) 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) 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 demand and a change in quantity demanded are the same thing.
Correct Answer:
Verified
Q1: A downward-sloping demand curve shows:
A)the direct relationship
Q2: Exhibit 4-1 Q4: Exhibit Q5: Skippy loves peanut butter. Skippy reads on Q6: Refer to the table below. If
