Question: Movements along a demand curve are called changes in quantity demanded, while shifts to new demand curves are called changes in demand. 1. Explain the

Movements along a demand curve are called changes in quantity demanded, while shifts to new demand curves are called changes in demand.
1. Explain the differences between a change in quantity demanded and a change in demand.
2. Define the following terms:
a. Normal good
b. Inferior good
c. Substitute
d. Complement
3. Graphically illustrate the difference between an increase in quantity demanded and an increase in demand.
4. Graphically illustrate the difference between a decrease in quantity demanded and a decrease in demand.
5. List the changes that would shift the demand curve rightward.
6. List the changes that would shift the demand curve leftward.

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