an be tested 21. What is the difference between an \"increase in demand\" and an

Question

an be tested 21. What is the difference between an "increase in demand" and an "increase in quantity demanded"? A) There is no difference between the two terms; they both refer to a shift of the demand curve. B) There is no difference between the two terms; they both refer to a movement downward along a given demand curve. C) An "increase in demand" is represented by a movement along a given demand curve, while an "increase in quantity demanded" is represented by a rightward shift of the demand curve D) An "increase in demand" is represented by a rightward shift of the demand curve while an "increase in quantity demanded" is represented by a movement along a given demand curve. 22. A movement along the demand curve for toothpaste would be caused by A) a change in the price of toothbrushes. B) a change in consumer income. C) a change in the price of toothpaste D) a change in population

Explanation / Answer

21. The difference between 'increase in demand' and ' increase in quantity demanded' is the increase in the demand is the movement along the demand curve and the increase in quantity demanded is the rightward shift of the demand curve.

ANS: C.

22. The movenment along the demand curve is only caused by change in the price of the commodity and the shifts of the demand curve is associated with other determinants of the demand such as the income, taste and preferences, prices of other commodities.

Ans: C) A change in the price of tooth brush.

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