Asked by

Meaghan Dailey
on Oct 12, 2024

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A change in demand refers to

A) a shift of the entire demand curve caused by a change in price.
B) a movement along a demand curve.
C) a shift of the entire demand curve caused by a determinant of demand other than price.
D) None of the choices are correct.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by consumers, typically downward sloping.

Determinant of Demand

Factors that influence the demand for a good or service, including price, consumer preferences, income levels, and prices of related goods.

  • Become familiar with the aspects that result in supply curve adjustments.
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BC
Brian CaballeroOct 13, 2024
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