Macroeconomics Milestone II.docx - Which of the following...

This preview shows page 1 - 3 out of 9 pages.

Which of the following statements is FALSE relating to the Law of Demand? Using the above graph, which of the following statements is FALSE relating to the Law of Demand? As the price of a product increases, people purchase __________. This is because they are able to find __________ for the product in question. These changes create movement along the demand curve. A demand curve can shift for many reasons. Select the reason below that does NOT shift a demand curve.
Demand curve can shift because of: 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? During the 18th Century, as troubles with Britain escalated, American colonists stopped drinking British tea, and instead starting drinking coffee. The is an example of which factor of demand? Which of the following statements is FALSE as it relates to the Law of Supply? True statements that relate to the Law of Supply:

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture