Which of the Following Statements Is Correct

question 298

Multiple Choice

Which of the following statements is correct?

• A) A change in demand means a shift in the demand curve while change in the quantity demanded means a movement along the demand curve.
• B) A change in demand and change in quantity demanded means the same thing.
• C) A change in the quantity demanded means a shift in the demand curve.
• D) A change in demand means a movement along the demand curve.

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Definitions:

Buying Stage

The phase in the consumer purchase process that involves the evaluation of alternatives and the final decision to purchase a product or service.

Demographic Factors

Statistical data about a population, including age, gender, income, education, and occupation, utilized in market research to identify target markets.

Objections

The concerns or reasons customers offer for not buying a product.

Sales Presentation

A pitch or a demonstration designed to persuade a potential buyer or client to purchase a product or service.