If,in response to a decrease in the price of coffee,the quantity of coffee 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 an example of a change in quantity demanded, which refers to a movement along a demand curve in response to a change in price. An increase in demand, on the other hand, would refer to a shift of the demand curve itself due to non-price factors, such as changes in consumer income or taste.

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