The phrase "a change in demand" most directly implies a
A) movement along a demand curve.
B) movement along the price curve.
C) change in the quantity demanded of a good.
D) shift of the demand curve.
E) movement along the quantity curve.
D
Economics
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When demand is unit elastic, a 7 percent change in the price of the good
A) will cause a change in quantity demanded of less than 7 percent. B) will cause a change in quantity demanded equal to 7 percent. C) will cause a change in quantity demanded greater than 7 percent. D) will not cause any change in quantity demanded.
Economics
When the federal government cuts taxes and increases purchases to stimulate the economy during a period of recession, such actions are designed to be
A. expansionary. B. passive. C. contractionary. D. automatic.
Economics