Asked by Angel Castillo on Jul 03, 2024

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If something happens to alter the quantity demanded at any given price, then

A) the demand curve becomes steeper.
B) the demand curve becomes flatter.
C) the demand curve shifts.
D) we move along the demand curve.

Demand Curve

A diagram illustrating how consumer demand for a product changes in relation to its price.

Quantity Demanded

The overall volume of a certain good or service that individuals are prepared and financially able to buy at a set price during a specified interval.

Price

The payment expected, demanded, or issued in compensation for something.

  • Differentiate between movements along the demand curve and shifts in the demand curve.
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AW
Alexis WiggerJul 06, 2024
Final Answer :
C
Explanation :
When the quantity demanded changes at any given price, it indicates a change in demand, not just a change in the quantity demanded. This is represented by a shift in the demand curve, either to the left or to the right, depending on whether demand decreases or increases, respectively. Changes in factors like consumer preferences, income, prices of related goods, or expectations about future prices can cause such shifts. Moving along the demand curve would imply a change in the quantity demanded due to a change in price, not a change in demand itself.