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Chapter 1 Unit II questions

For Chapter 1 Unit II questions Click Nature & Scope of Business Economics
QUESTION
Q14) A movement along the demand curve for soft drinks is best described as :

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Correct

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Solution:
A movement along the demand curve for soft drinks is best described as a change in quantity demanded.
This is because a movement along the demand curve occurs when there is a change in the price of a good, which leads to a change in the quantity demanded of that good.
A change in demand, on the other hand, refers to a shift in the entire demand curve due to factors other than price such as changes in consumer preferences, income levels, or the prices of related goods.
Correct option is (c)