answer

1. b
2. d c
3. b
4. a
5. b
6. a c
7. a
8. b
9. c d
10. b c
11. c a
12. d a
13. d a
14. a
15. d
16. c b
17. d c
18. c d
19. d b
20. b
21. c
22. d b
23. d b
24. d c
25. d c
26. d
27. d
28. b
29. b
30. b d
31. b
32. a
33. d a
34. d
Explain the difference between a change in demand and a change in quantity demanded. What leads to each of these changes?
Demand is how much is bought of something based on a price. It indicates how much it is needed or wanted.
Quantity demanded is the total amount of goods which individuals want and are able to buy. This is important in economics, because supply and demand decide how much of a good will be bought and sold. It is the amount of goods that people want to buy at a given price.
Demand would be the whole curve. Quantity demanded is the amount of the good consumers are willing and able to buy at a certain price. If the price changes, you simply move along the demand curve.
What lead to each of these change:
1. demand :
 income
 taste
 the price of substitute and complements
 interest rate
 consumer population
 seasonal/time
 currently economic situation
 consumer’s confidence
2. Quantity demanded
 division of labor
 change in price
 income
 taste
 the price of substitute and complements
 interest rate
 consumer population
 currently economic situation
 capacity
 productive efficiency