Question 9
Theory of DemandA movement along the same demand curve either upwards or downwards as a result of changes in price implies
- A.a change in demand
- B.a change in quantity demanded
- C.an increase in demand
- D.a shift in the demand curve to the right.
Show the answer and explanation
Answer: B (a change in quantity demanded)
Explanation
A change in the commodity's own price moves the consumer along the same curve: a change in quantity demanded.