223k views
1 vote
What do economics call a situation in which consumers buy a different quantity than they did before, at every price?

2 Answers

2 votes

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

User Daegalus
by
4.3k points
6 votes

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.

User Aftnix
by
5.2k points