For movement along the demand curve,from an old position to a new one,the price effect is quantifiable as
A) the old quantity times the change in price.
B) the new price times the change in quantity.
C) the new quantity divided by the change in price.
D) the old price times the change in quantity.
E) the old price times the new quantity.

Question

Quizplus · Accepted Answer

The price effect is the change in quantity demanded due to a change in price, holding all other factors constant. The price effect is quantifiable as the old quantity times the change in price.

For Movement Along the Demand Curve,from an Old Position to a New