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There are three intentional errors in the following statement.
"In economics, distinguishing between a 'change in demand' and a 'change in quantity demanded' is crucial. A change in demand occurs when there's a movement along the demand curve due to factors like price, income, or consumer preferences. This shift can lead to an increase or decrease in demand at every price level. Conversely, a change in quantity demanded refers to a shift in the entire demand curve caused solely by a change in the price of the good or service, while other factors remain constant. Remember, changes in demand are solely influenced by price fluctuations, while changes in quantity demanded are due to various factors."
Which term is incorrectly defined in the paragraph?
Group of answer choices
Movement along the demand curve
Change in quantity demanded
Change in demand
No answer text provided.
Sagot :
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