What is meant by the term change in the quantity demanded?
A)The change in the quantity which results from a price change and implies a movement along the demand curve.
B)The change in the quantity which results from a change in any factor other than the price and implies a movement along the demand curve.
C)The change in the quantity which results from a price change and implies a shift in the demand curve.
D)The change in the quantity which results from a change in any factor other than the price and implies a shift in the demand curve.

Question

Quizplus · Accepted Answer

Change in the quantity demanded refers to the movement along the demand curve due to a change in price. It does not involve a shift in the demand curve, only a change in the quantity demanded at a given price.

What Is Meant by the Term Change in the Quantity