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

Question

Quizplus · Accepted Answer

When the price of grapes decreases, there is a movement along the same demand curve, resulting in an increase in the quantity of grapes demanded. This is referred to as an increase in quantity demanded. It is not referred to as an increase in demand as demand refers to the entire relationship between price and quantity demanded, and a decrease in price only results in a movement along the same demand curve. Consumer income and taste are other factors that can shift the entire demand curve, not just the quantity demanded.

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