An increase in quantity demanded is represented by
A)a shift outward of the entire demand curve.
B)a shift inward of the entire demand curve.
C)a movement along the demand curve in a southeasterly direction in response to a decline in the good's price.
D)a movement along the demand curve in a northwesterly direction in response to a decline in the good's price.

Question

Quizplus · Accepted Answer

An increase in quantity demanded, as opposed to an increase in demand, is represented by a movement along the demand curve. This movement is typically in a southeasterly direction when there is a decline in the price of the good, indicating that more of the good is demanded at the lower price.

An Increase in Quantity Demanded Is Represented by