Using the above graph, which of the following statements is FALSE relating to the Law ofDemand?
According to recent numbers, demand for college education had fallen in recent years. Which of the following examples would indicate a movement along the demand curve?
Why does a supply curve slope upward?
Which of the following causes a shift in supply to the left?
Trevor is willing to pay $22 for the DVD of a newly released movie, but the market price for the
DVD he wants is only $10.
What is his consumer surplus?