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:

Intangible Assets

Non-physical assets that have value due to the rights or information they hold, such as patents, trademarks, and goodwill.

Patent

A government-granted exclusive right to an inventor, allowing them to protect their invention from being made, used, or sold by others for a certain period.

Amortized

The process of gradually reducing the cost or value of an asset, or the repayment of a debt over a period of time, through regular payments.

Patents

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