Which statement is CORRECT?
A)A change in demand is a movement along the demand curve,and a change in quantity demanded is a shift of the demand curve.
B)Both a change in quantity demanded and a change in demand are movements along the demand curve,only in different directions.
C)Both a change in quantity demanded and a change in demand are shifts of the demand curve,only in different directions.
D)A change in quantity demanded is a movement along the demand curve,and a change in demand is a shift of the demand curve.

Question

Quizplus · Accepted Answer

A change in quantity demanded is caused by a change in price, and therefore is a movement along the demand curve. A change in demand is caused by factors other than price, such as changes in income or the availability of substitutes, and therefore causes a shift of the demand curve.

Which Statement Is CORRECT