The Phrase "Demand Has Increased" Means That

question 176

Multiple Choice

The phrase "demand has increased" means that

• A)a demand curve has shifted to the left.
• B)there has been an upward movement along a demand curve.
• C)there has been a downward movement along a demand curve.
• D)a demand curve has shifted to the right.

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Definitions:

Premises

Statements or propositions from which another is inferred or follows as a conclusion.

Syllogism

A deductive argument presented in the form of two supporting premises and a conclusion.

Deductive Argument

A claim that asserts its outcome is an inevitable result of the presented premises.

Inductive Argument

A reasoning that suggests its outcome likely results from the initial assertion.