_________________________________________________________________________ a. Wha

Question

_________________________________________________________________________

a. 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 upwards along a                             given demand curve. 

  C) 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. 

  D) 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.

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b.       Which of the following is not a determinant of demand? 
            A) price of a substitute good 
            B) tastes and preferences 
            C) income 
            D) expectations of suppliers

            E) None Of The Above

Explanation / Answer

1. D-either graph 2. C 3. D

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