An "Increase in Demand" Means That

question 210

Multiple Choice

An "increase in demand" means that

• A) the demand curve has shifted to the left.
• B) price has declined and consumers want to purchase more of the good.
• C) the demand curve has shifted to the right.
• D) the price of the good can be expected to decline,assuming supply stays constant.

---

Definitions:

Measure Represent

To symbolize or stand in for a specific attribute or set of data through numerical or other forms of quantification.

Test Results

The outcomes obtained from administering tests, which can be used to evaluate performance, knowledge, skills, or conditions.

Correlation Coefficient

A numerical index that reflects the degree of linear relationship between two variables, ranging from -1 to +1.

Variable

An element, feature, or factor that is likely to vary or change; in research, it is something that is measured or manipulated to assess its effects on an outcome.