A decrease in quantity demanded caused by an increase

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A decrease in quantity demanded caused by an increase in price is represented by a A) rightward shift of the demand curve. B) leftward shift of the demand curve. C) movement up and to the left along the demand curve. D) movement down and to the right along the demand curve. Answer: C
A change in which of the following alters buying plans for cars but does NOT shift the demand curve for cars?
Which of the following would NOT shift the demand curve for turkey?
When we say demand increases, we mean that there is a
In the figure above, which movement reflects an increase in demand? A) From point a to point e. B) From point a to point b. C) From point a to point c. D) From point a to point d. Answer: D
In the figure above, which movement reflects a decrease in demand?
Which of the following is NOT one of the factors that influences the supply of a product?
The “law of supply” is illustrated when
B) the supply curve and demand curve both shift in the same direction. C) the supply curve shifts along a stationary demand curve. D) the demand curve and supply curve are both stationary. Answer: A Which of the following explains why supply curves slope upward? A) Prices and income B) Increasing marginal cost C) Resources and technology D) Substitutes in production and complements in production Answer: B
Topic: The Law of Supply Skill: Recognition

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