Delgado Munoz
10/17/2023 · Elementary School
A change in demand, or a change in supply, is a change that is: Select all correct answers. Changes the quantity demanded, or quantity supplied, at every price Is caused by a change in some factor other than brice, colled a determinant is illustrated by movement of the demand or supply curve to the left or right.
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The correct answers are:
1. **Changes the quantity demanded, or quantity supplied, at every price** - A change in demand or supply means that at every price level, the quantity demanded or supplied changes.
2. **Is caused by a change in some factor other than price, called a determinant** - Changes in demand or supply are typically caused by factors such as consumer preferences, income levels, the prices of related goods, technology, and other determinants.
3. **Is illustrated by movement of the demand or supply curve to the left or right** - A change in demand or supply is represented graphically by a shift of the entire demand or supply curve to the left (decrease) or to the right (increase).
So, all three statements are correct.
Quick Answer
1. Changes quantity demanded/supplied at every price.
2. Caused by factors other than price.
3. Shown by curve movement left or right.
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