Question

What is the change of the price of an item called?

Answer 1

D. Change in quantity demanded

Explanation:  

A change in quantity demanded is an increment in the particular amount of a good that purchasers are ready to purchase. This cause a change in price, which is caused by a demand of the good and also to the suppliers. As the cost of an item rises, its supply rises since makers are all the more eager to fabricate the item since it's increasingly gainful at this point.

Thus, the change in supply alludes to a move in the whole supply bend, which is brought about by shifters, for example, taxes, production costs, and technology. Consequently, the change in quantity demand and a money can either be parallel or nonparallel for the purchasers.