If the price of ice cream increases and the quantity demanded decreases, economists would describe this as:
A)a change in demand.
B)a change in quantity demanded.
C)a change in consumer income.
D)a change in one of the variables that shift demand.

Question

If the price of ice cream increases and the quantity demanded decreases, economists would describe this as:
A)​a change in demand.
B)​a change in quantity demanded.
C)​a change in consumer income.
D)​a change in one of the variables that shift demand.

Quizplus · Accepted Answer

When the price of ice cream increases and the quantity demanded decreases, it is a movement along the demand curve, known as a change in quantity demanded. It is not a change in the entire demand curve (choice A), nor is it related to changes in consumer income (choice C) or variables that shift demand (choice D).

If the Price of Ice Cream Increases and the Quantity