Question : The demand curve's movement serves as an example.
Option 1: Income effect
Option 2: Change in quantity demanded
Option 3: Complement effect
Option 4: Shift in quantity demanded
Answer (1)
25th Jan, 2024
Correct Answer: Change in quantity demanded
Solution :
The demand curve's movement serves as an example of chnage in quanity demanded.
A change along a curve is referred to as a movement. A movement on the demand curve indicates a shift in the price and quantity demanded from one point on the curve to another.
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