What Is the Difference Between a Shift in the Demand

question 50

Multiple Choice

What is the difference between a shift in the demand curve and a movement along the demand curve?

• A) A shift is a reaction to a movement along the demand curve.
• B) A shift implies a change in the whole demand curve; a movement does not.
• C) A shift conveys a change in the opportunity cost; a movement does not.
• D) A shift creates a new equilibrium price; a movement creates a new equilibrium quantity.

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Definitions:

Stability

The state or quality of being resistant to change, especially sudden change or deterioration, maintaining equilibrium or remaining unchanged.

Conservative Reaction

A response aiming to preserve traditional structures, values, and practices in the face of perceived changes or threats to social, cultural, or political norms.

Society

A group of individuals involved in persistent social interaction, or a large social group sharing the same spatial or social territory, typically subject to the same political authority and dominant cultural expectations.

Entity

An object, being, organization, or concept that exists independently with a distinct identity.