If, in response to a decrease in the price of grapes, the quantity of grapes demanded increases, 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

This is because the decrease in price results in movement along the demand curve, causing an increase in the quantity demanded. This is different from an increase in demand, which would result in a shift of the entire demand curve. The other options are not relevant to the scenario described.

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