To an economist, an increase in demand means the same thing as an increase in quantity demanded.

a. True

b. False

Question

Business

Fabian Mccormick

8 May, 08:04

To an economist, an increase in demand means the same thing as an increase in quantity demanded.

a. True

b. False

+3

Answers (1)

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Seamus Gallegos · Answer 1

This is false. An increase in demand is more major than an increase in quantity demanded. Quantity demand refers to the demand of a product at a particular price and is only a movement on the demand curve. An increase in demand would cause the demand curve to shift which is more major than a movement and it encompasses the entire relationship between price and demand.

To an economist, an increase in demand means the same thing as an increase in quantity demanded.a. Trueb. False

To an economist, an increase in demand means the same thing as an increase in quantity demanded.

a. True

b. False