A Movement Along a Demand Curve Is

question 270

Multiple Choice

A movement along a demand curve is

• A) a change in demand and can be caused by a change in consumers' income.
• B) a change in the quantity demanded and is caused by a change in the price of the good.
• C) a change in the quantity demanded and can be caused by a change in consumers' income.
• D) a change in demand and is caused by a change in the price of the good.

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Definitions:

Interest

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, or the income earned on deposited funds.

Rent

A periodic payment made by a tenant to a landlord for the use of land, premises, or other property.

Surplus

An excess of income or assets over expenditure in a given period, often referring to a government's budget.

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price over a specific period.