What is the difference between an "increase in demand" and an "increase in quantity demanded"?
A)There is no difference between the two terms; they both refer to a shift of the demand curve.
B)An "increase in demand" is represented by a rightward shift of the demand curve while an "increase in quantity demanded" is represented by a movement along a given demand curve.
C)There is no difference between the two terms; they both refer to a movement downward along a given demand curve.
D)An "increase in demand" is represented by a movement along a given demand curve, while an "increase in quantity demanded" is represented by a rightward shift of the demand curve.

Question

Quizplus · Accepted Answer

An "increase in demand" refers to a shift of the entire demand curve, either to the right or left, representing a change in consumer willingness and ability to buy a product at all possible prices. On the other hand, an "increase in quantity demanded" refers to a movement along a given demand curve, only caused by a change in the product's price.

What Is the Difference Between an "Increase in Demand" and an "Increase