The Phrase "A Change in Demand" Most Directly Implies a

question 13

Multiple Choice

The phrase "a change in demand" most directly implies a

• A)movement along the quantity curve.
• B)movement along a demand curve.
• C)change in the quantity demanded of a good.
• D)shift of the demand curve.
• E)movement along the price curve.

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Definitions:

Uncompensated Benefits

Benefits that occur from an economic transaction that affect individuals not directly involved in the transaction, not compensated by the market.

Waterway Pollution

Contamination of rivers, lakes, oceans, and other bodies of water, adversely affecting aquatic ecosystems, human health, and the economy.

Open Access

A policy whereby resources are made available to all, without restrictions, such as in academic publishing where research is freely accessible.

Economic Efficiency

The optimal allocation of resources within an economy, where goods and services are produced and distributed in a manner that maximizes societal welfare.