Change in demand and change in quantity demanded are not the same because ____________
A. All factors affecting change in demand also affect change in quantity demanded except income B. All factors affecting change in demand are not affecting change in quantity demanded except income C. Many factors leads to change in demand but only change in price affect change in quantity demanded D. Many factors leads to change in demand but only change in income affect change in quantity demanded
Correct Answer: C
Explanation
Other factors like price of related commodities. income of consumer. taste, government policy. etc. affects a change in demand, but only the price of the commodity in question affects a change in quantity demanded.
