On a Graph, an Increase in Quantity Demanded Is Represented

question 173

Multiple Choice

On a graph, an increase in quantity demanded is represented by a:

• A)leftward shift of the demand curve.
• B)rightward shift of the demand curve.
• C)movement upward and to the left along the demand curve.
• D)movement downward and to the right along the demand curve.

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Definitions:

Breach

The violation or non-fulfillment of a legal obligation, contract, or duty, whether by omission or commission.

Implied Warranty

A legal assumption in commerce that ensures the goods sold meet certain quality and usability standards, even if not expressly stated in a contract.

Particular Purpose

Refers to a specific reason or intention for which something is used, often implicating that the product or service is suitable for that intended use.

Merchant

Under the UCC, a person who regularly sells goods as his or her business or trade or employs people to sell those goods; anyone who works for a person selling those goods; or anyone who holds himself or herself out as a “merchant” or a “dealer.”