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

Question

Quizplus · Accepted Answer

The output effect, when moving along the demand curve, is quantified as the new price times the change in quantity. This captures the change in total revenue resulting from a movement along the curve due to a price change.

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