The Only Variable That Can Affect a Movement Along the Demand

question 349

Multiple Choice

The only variable that can affect a movement along the demand curve is

• A) income levels.
• B) the price of the good itself.
• C) the number of buyers.
• D) the number of substitutes.

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Definitions:

Human Needs

Fundamental requirements necessary for individuals to live healthy and well-being lives, including physical, social, and psychological aspects.

Satisfied Need

A psychological or physiological requirement that has been fulfilled, reducing motivation to seek further fulfillment of that same need.

Motivator

Factors or influences that induce individuals to behave in a certain manner or pursue particular goals.

Belonging Needs

Psychological requirements for human well-being emphasizing the importance of interpersonal connections and being part of a group or community.