Which of the following statements is true?
A)An increase in quantity demanded means a movement along a given demand curve.
B)An increase in demand means a movement along a given demand curve.
C)An increase in demand means that consumers will purchase less of a product at each possible price.
D)Price and quantity demanded are positively related.
E)An increase in demand always means the same as an increase in quantity demanded.

Question

Quizplus · Accepted Answer

An increase in quantity demanded means a movement along a given demand curve, as it is a change in the quantity buyers are willing and able to buy at a specific price. An increase in demand, on the other hand, shifts the entire demand curve to the right, reflecting a higher level of demand at all possible prices. Choice B, C, D, and E are incorrect.

Which of the Following Statements Is True