An increase in quantity demanded

Question

Quizplus · Accepted Answer

An increase in quantity demanded refers to a movement along the demand curve caused by a change in the price of the good or service. As the price decreases, consumers are willing and able to purchase more of the good or service, resulting in a movement downward and to the right along a fixed demand curve. Choices C and D refer to a shift in the demand curve, which is caused by a change in factors other than the price of the good or service. Choice B is incorrect as it describes a decrease in quantity demanded, which would result in a movement upward and to the left along a fixed demand curve.

An Increase in Quantity Demanded