What Is the Difference Between an "Increase in Demand" and an "Increase

question 82

Multiple Choice

What is the difference between an "increase in demand" and an "increase in quantity demanded"?

• A)There is no difference between the two terms; they both refer to a shift of the demand curve.
• B)An "increase in demand" is represented by a rightward shift of the demand curve while an "increase in quantity demanded" is represented by a movement along a given demand curve.
• C)There is no difference between the two terms; they both refer to a movement downward along a given demand curve.
• D)An "increase in demand" is represented by a movement along a given demand curve, while an "increase in quantity demanded" is represented by a rightward shift of the demand curve.

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Definitions:

Frequency Polygon

A graphical representation of the distribution of numerical data. It is usually a line that connects points representing the frequencies of various categories or intervals of data.

Class Intervals

Ranges of values into which data points are grouped for frequency distribution analysis.

Histogram

A type of bar chart used in statistics to represent the distribution of data by showing the number of data points that fall within a range of values.

Normally Distributed Curves

Graphical representations of a normal distribution, showing how data points are symmetrically distributed around the mean.