Movements Along a Demand Curve Caused by a Change in Price

question 50

Multiple Choice

Movements along a demand curve caused by a change in price probably means that:

• A)there has been an endogenous shift in the demand curve.
• B)there has been an exogenous shift in the demand curve.
• C)there has been a shift in an exogenous factor that affects supply.
• D)the supply curve is not shifting.

---

Definitions:

Existential Instantiation

A logical principle stating that if something is said to exist, then a specific instance of that thing must also exist.

Universal Generalization

A logical operation that infers a general statement from specific cases, asserting that a property or relation holds for all members of a certain category.

Universal Instantiation

A logical rule that infers from the truth of a universally quantified statement about all members of a domain, the truth of that statement about any specific member.

Quantifier Negation

The process of applying negation to a statement that contains a quantifier, altering its scope and possibly changing the quantifier type (for example, from universal to existential).