This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Explain the difference between a change in demand and a change in quantity demanded. What will be ... (Read 126 times)

magmichele12

  • Hero Member
  • *****
  • Posts: 559
on: Jun 29, 2018
Explain the difference between a change in demand and a change in quantity demanded.
 
  What will be an ideal response?

Question 2

Gross domestic product understates the total production of final goods and services because of the omission of
 
  A) intermediate goods. B) exports.
  C) inflation. D) the underground economy.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

macagnavarro

  • Sr. Member
  • ****
  • Posts: 334
Reply #1 on: Jun 29, 2018
Answer to Question 1

A change in demand is represented by a shift in the demand curve and can be caused by changes in non-price determinants of demand such as income, preferences, or prices of related goods. A change in quantity demanded is represented by a movement along the demand curve and is caused by a change in the price of the good in question.

Answer to Question 2

D


magmichele12

  • Member
  • Posts: 559
Reply 2 on: Jun 29, 2018
Gracias!

lindahyatt42

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Climate Change Climate Change
Global climate change and CO2 concentration Global climate change and CO2 concentration
The ability of a community to cope, adapt to, and mitigate the accelerating impact of climate change The ability of a community to cope, adapt to, and mitigate the accelerating impact of climate change
The original Supply and Demand graph The original Supply and Demand graph
Epigenetic changes to DNA, such as methylation, change patterns of gene expression by activating or Epigenetic changes to DNA, such as methylation, change patterns of gene expression by activating or
Solve Diophantus’s Problem B–8: To find two numbers such that their difference a Solve Diophantus’s Problem B–8: To find two numbers such that their difference a
Video: Angiotensin II - kidneys, adrenal glands and dehydration

For a complete list of videos, visit our video library