Which Statement Is CORRECT

question 11

Multiple Choice

Which statement is CORRECT?

• A) A change in demand is a movement along the demand curve,and a change in the quantity demanded is a shift of the demand curve.
• B) Both a change in the quantity demanded and a change in demand are movements along the demand curve,only in different directions.
• C) Both a change in the quantity demanded and a change in demand are shifts of the demand curve,only in different directions.
• D) A change in the quantity demanded is a movement along the demand curve,and a change in demand is a shift of the demand curve.

---

Definitions:

Specified

Clearly stated or identified.

Implied

Something suggested or understood without being directly expressed.

Traveler's Check

A preprinted, fixed-amount check designed to allow the person signing it to make an unconditional payment to someone else as a result of having paid the issuer for this privilege.

Payable On Demand

A term indicating that a payment is to be made immediately or whenever requested by the entitled party.