Multiple Choice
Suppose we observe a fall in the price of good A and an increase in the quantity of good A bought and sold.Which one of the following is a likely explanation?
A) The law of supply is violated.
B) The demand for A decreased.
C) The demand for A increased.
D) The supply of A increased.
E) The supply of A decreased.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q134: Use the figure below to answer the
Q135: Which one of the following events shifts
Q136: If the number of suppliers of good
Q137: If the market for Twinkies is in
Q138: Which of the following "other things" are
Q140: All cereal producers have decided to add
Q141: William Gregg owned a mill in South
Q142: Use the table below to answer the
Q143: Use the figure below to answer the
Q144: The opportunity cost of good A in