Multiple Choice
Other things equal, what happens when the price of a good rises?
A) The quantity demanded of the good increases.
B) The supply increases.
C) The quantity supplied of the good rises.
D) The demand curve shifts to the left.
Correct Answer:

Verified
Correct Answer:
Verified
Q190: Who or what allocates an economy's scarce
Q191: If the demand for a good falls
Q192: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt=" -Refer to the
Q193: What is an example of a perfectly
Q194: What is an example of substitute goods?<br>A)
Q196: If a study by the CMA found
Q197: Figure 4-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 4-5
Q198: If the supply of a product increases,
Q199: Market demand is given as Qd =
Q200: Suppose the equation Qd=(10-0.4D)-0.6P describes an individual's