If,in response to a decrease in the price of coffee,the quantity of coffee demanded increases,then economists would describe this as
A)an increase in demand.
B)an increase in quantity demanded.
C)a change in consumer income.
D)an increase in consumers' taste for coffee.

Question

Quizplus · Accepted Answer

A decrease in price will lead to an increase in the quantity demanded of coffee, which is represented by a movement along the demand curve. This does not necessarily indicate a shift in the entire demand curve, but rather a change in the specific quantity demanded at that particular price point. Therefore, option B is the correct answer as it describes an increase in quantity demanded. Option A is incorrect as it refers to an increase in demand, which would represent a shift in the entire demand curve. Option C is also incorrect as it does not relate to the stated scenario. Option D is incorrect as the scenario does not mention a change in consumer taste for coffee.

If,in Response to a Decrease in the Price of Coffee,the