[Answer] What is the difference between an "increase in demand" and an "increase in quantity demanded"?A) There is no difference between the two terms; they both refer to a shift of the demand curve.B) An "increase in demand" is represented by a rightward shift of the demand curve while an "increase in quantity demanded" is represented by a movement along a given demand curve.C) There is no difference between the two terms; they both refer to a movement downward along a given demand curve.D) An "increase in demand" is represented by a movement along a given demand curve while an "increase in quantity demanded" is represented by a rightward shift of the demand curve. 4.1 Test Bank

Answer: B) An "increase in demand" is represented by a rightward shift of the demand curve while an "increase in quantity demanded" is represented by a movement along a given demand curve.

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What is the difference between an "increase in demand" and an "increase in quantity demanded"?A) There is no difference between the two terms; they both refer to a shift of the demand curve.B) An "increase in demand" is represented by a rightward shift of the demand curve while an "increase in quantity demanded" is represented by a movement along a given demand curve.C) There is no difference between the two terms; they both refer to a movement downward along a given demand curve.D) An "increase in demand" is represented by a movement along a given demand curve while an "increase in quantity demanded" is represented by a rightward shift of the demand curve. 4.1 Test Bank A) There is no difference between the two terms ; they both refer to a shift of the demand curve. B ) An "increase in demand" is represented by a rightward shift of the demand curve while an "increase in quantity demanded" is represented by a movement along a given demand curve. An Increase in the Quantity Demanded: The Quantity Demanded is an amount at a given price while Demand is the entire relationship between the various Quantities Demanded at a variety of prices. When the price decreases from P 1 to P 2 the quantity demanded increases from Q 1 to Q 2. Changing the price leads to changes in the quantity demanded. Therefore increase in demand implies that there is an increase in demand for a product at any price. Similarly decrease in demand can also be referred as same quantity demanded at lower price as the quantity demanded at higher price. Increase and decrease in demand is represented as the shift in … C) There is no difference between the two terms ; they both refer to a movement downward along a given demand curve. D ) An "increase in demand" is represented by a movement along a given demand curve while an "increas...

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