What Is the Difference Between a Shift in the Demand

question 50

Multiple Choice

What is the difference between a shift in the demand curve and a movement along the demand curve?

• A) A shift is a reaction to a movement along the demand curve.
• B) A shift implies a change in the whole demand curve; a movement does not.
• C) A shift conveys a change in the opportunity cost; a movement does not.
• D) A shift creates a new equilibrium price; a movement creates a new equilibrium quantity.

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Definitions:

Gramm-Leach-Bliley Financial Modernization Act

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Dodd-Frank Act

A federal law passed in 2010 aimed at reducing risks in the U.S. financial system through comprehensive regulation of financial markets and institutions.

Federal Trade Commission

A U.S. government agency established to protect consumers and promote competition, enforcing antitrust and consumer protection laws.

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Advertising campaigns undertaken by a company to correct previous misleading or false advertisements, often as required by legal proceedings or regulatory bodies.