A change in demand is said to take place when there is a

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A change in demand refers to a shift in the demand curve, which occurs when there is a change in a non-price factor affecting the willingness or ability of consumers to buy a good or service. This shift results in a new equilibrium price and quantity. A shift in the supply curve (option A) refers to a change in a non-price factor affecting the willingness or ability of suppliers to produce a good or service. Quantity change (option B) refers to a movement along the demand curve due to a change in the price of the good or service. Price change (option D) refers to a change in the price of the good or service itself, which only affects quantity demanded and not the demand curve as a whole. Movement along the demand curve (option E) is a result of a change in the price of the good or service, and does not represent a change in demand.

A Change in Demand Is Said to Take Place When