A Change in Demand Means There Has Been a Shift

question 118

Multiple Choice

A change in demand means there has been a shift in the demand curve, and a change in quantity demanded

• A) Results from a change in price of other goods.
• B) Means a shortage or surplus will result from holding prices constant.
• C) Also means demand has shifted.
• D) Means that price has changed and there is movement along the demand curve. Movements along a demand curve are a response to price changes for that good.

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Definitions:

Audience Objections

The concerns, questions, or disagreements raised by an audience or consumers in response to a proposal, presentation, or product offering.

High Price

Refers to the cost of a product or service being significantly above average, often associated with premium quality or exclusivity.

M-commerce

Mobile commerce, which encompasses purchasing and selling goods and services through wireless handheld devices like smartphones and tablets.

AIDA Approach

A marketing strategy blueprint that stands for Attention, Interest, Desire, Action; used to guide the process of advertising or selling products and services.