Which of the Following Best Describes Demand

question 248

Multiple Choice

Which of the following best describes demand?

• A)A change in demand is a movement along the demand curve, and a change in quantity demanded is a shift in the demand curve.
• B)A change in quantity demanded is a movement along the demand curve, and a change in demand is a shift in the demand curve.
• C)Both a change in quantity demanded and a change in demand are shifts in the demand curve, only in different directions.
• D)Both a change in quantity demanded and a change in demand are movements along the demand curve, only in different directions.

---

Definitions:

Median Training Hours

The midpoint number of hours spent on training wherein half of the cases are above and half are below this value.

Lagging Indicator

A measurable economic factor that changes only after the economy has begun to follow a particular pattern or trend.

Leading Indicator

Economic factors that change before the economy starts to follow a particular pattern or trend, used to predict future economic activity.

Corporate Social Responsibility Objective

A self-regulated business model that helps a company be socially accountable—to itself, its stakeholders, and the public.