Author Question: Movements along the demand curve are called changes in a. demand b. opportunity costs c. quantity ... (Read 26 times)

fagboi

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Movements along the demand curve are called changes in
 a. demand
  b. opportunity costs
  c. quantity demanded
  d. the substitution effect
  e. preferences

Question 2

In what way is consumer demand different from consumer wants?
 a. Demand is only for necessities.
  b. Demand is only for luxuries.
  c. Demand takes into account the ability to pay.
  d. Consumer wants are only for luxuries.
  e. Consumer wants are only for necessities.



Brummell1998

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Answer to Question 1

C

Answer to Question 2

C



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