ivanlopez5296 ivanlopez5296

05-03-2019
Social Studies

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What do economics call a situation in which consumers buy a different quantity than they did before, at every price?

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MrsWhitfield2018 MrsWhitfield2018

05-03-2019

Economists call a situation in which consumers buy a different quantity than they did before, at every price A CHANGE IN DEMAND.

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04-05-2019

Answer: A change in demand

Explanation:

A change in demand refers to when there is a change in the total demand in the market. The market can either shift the entire demand curve upward or downward. The market can change its preferences for a good or service and can either increase or decrease the total demand for that good or service.

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