The Primary Difference Between a Change in Demand and a Change

question 234

Multiple Choice

The primary difference between a change in demand and a change in the quantity demanded is:

• A) a change in demand is a movement along the demand curve, and a change in quantity demanded is a shift in the demand curve.
• B) a change in quantity demanded is a movement along the demand curve, and a change in demand is a shift in the demand curve.
• C) both a change in quantity demanded and a change in demand are shifts in the demand curve, only in different directions.
• D) both a change in quantity demanded and a change in demand are movements along the demand curve, only in different directions.

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Definitions:

De Facto Corporation

A business entity that operates like a corporation without formal incorporation status, but is treated as a corporation by law under certain conditions.

Incorporation Statute

Laws and regulations governing the process of establishing a corporation and outlining its legal status and structure.

Corporation by Estoppel

A principle where a company is treated as if it is incorporated for purposes of a particular transaction, even though it technically may not be, to prevent injustice or unfairness.

Corporation Names

Legal names under which corporations are registered to conduct business, required to be unique within the same jurisdiction.