Question

If demand for Apple changes due to a change in its own price, then such change is known as ______ and it leads to ______.

Options

• Change in Demand; Movement along the Demand Curve

• Change in Demand; Shift in the Demand Curve

• Change in Quantity Demanded; Movement along the Demand Curve

• Change in Quantity Demanded; Shift in the Demand Curve

Answer 1

If demand for Apple changes due to a change in its own price, then such change is known as Change in Quantity Demanded and it leads to Movement along the Demand Curve.

Explanation:

A change in the commodity’s own price causes a change in quantity demanded, represented by movement along the same demand curve. A shift in the curve results from a change in another determinant of demand.