Whenever the price of a good changes there:

Question

Quizplus · Accepted Answer

Whenever the price of a good changes, it will result in a movement along a supply and/or demand curve. This is because the quantity demanded or supplied of a good will change in response to changes in price. However, there may or may not be a change in the underlying supply or demand for the good itself. Therefore, choices A and B are incorrect. Choice D is also incorrect because price changes do affect the market by changing the quantity demanded and supplied.

Whenever the Price of a Good Changes There