Which of the following statements about the market for chicken describes a chang

Question

Which of the following statements about the market for chicken describes a change in the quantity demanded and which describes a change in demand? I People are buying less chicken because the price of beef has fallen. II People are buying less chicken because the price of chicken has increased. III People are buying more chicken because the price of chicken has fallen. IV The cost of chicken feed has increased. I is a change in demand and II and III are change in the quantity demanded. I.II. and III are changes in demand and IV is a change in the quantity demanded. I,II, and III are changes in the quantity demanded and IV change in demand. I is a change in the quantity demanded and II and III are changes in demand.

Explanation / Answer

Answer of the following is option A that is

I is a change in demand and II and III are change in quantity demanded. Because a change in quantity demanded is caused by a change in current price while a change in demand is caused by a change insome other factor.

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