What is it called when there is an economic shift from private to government ownership? What is consumer demand for different amounts at every price causing the demand curve to shi the left or right? Rule stating that more will be demanded at lower prices and less at higher prices? On a demand curve movement along the curve, as opposed to a shift of the curve, is a result o __ ?

Question

What is it called when there is an economic shift from private to government ownership? What is consumer demand for different amounts at every price causing the demand curve to shi the left or right? Rule stating that more will be demanded at lower prices and less at higher prices? On a demand curve movement along the curve, as opposed to a shift of the curve, is a result o __ ?

Answer 1

1. Nationalization2. Change in demand3. Law of demand4. Change in quantity demanded

Answer 2

## Step 1The first question is asking for the term that describes the economic shift from private to government ownership. This is known as nationalization.## Step 2The second question is asking for the term that describes consumer demand for different amounts at every price, causing the demand curve to shift left or right. This is known as a change in demand.## Step 3The third question is asking for the rule that states that more will be demanded at lower prices and less at higher prices. This is known as the law of demand.## Step 4The fourth question is asking for the term that describes a movement along the demand curve, as opposed to a shift of the curve. This is known as a change in quantity demanded.

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