Asked by
Vickie Bellevue
on Oct 12, 2024
Verified
A move from D2 to D3 is a(n) ____.
A) an increase in quantity demanded
B) a decrease in quantity demanded
C) an increase in demand
D) a decrease in demand
Quantity Demanded
The total amount of a good or service that consumers are willing to purchase at a given price over a specific period.
Demand
The inclination and capability of buyers to acquire products and services at specified prices.
Increase
An upward movement in quantity, size, number, value, or intensity of a particular variable.
- Discriminate between the movements along the curves of demand or supply and the shifts that alter these curves' positions.
Verified Answer
PS
Learning Objectives
- Discriminate between the movements along the curves of demand or supply and the shifts that alter these curves' positions.