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:

Toretto Car Rentals

A fictional or possibly niche business entity specializing in the rental of vehicles, presumably named after a character from a popular movie franchise.

Overbooked Customers

A situation where more customers are accepted than can be served, often used in reference to airlines and hotels.

Formula Calculation

The process of determining a value through a mathematical expression that involves operations on numbers or other expressions.

Product Sold

A measure indicating the quantity of an item offered that has been purchased by consumers.