Multiple Choice
Which of the following is consistent with the law of demand?
A) An increase in the price of a DVD causes an increase in the quantity of DVDs demanded.
B) An increase in the price of a soda causes a decrease in the quantity of soda demanded.
C) A decrease in the price of juice causes no change in the quantity of juice demanded.
D) A decrease in the price of a gallon of milk causes a decrease in the quantity of milk demanded.
Correct Answer:
Verified
Correct Answer:
Verified
Q83: A shortage causes the<br>A) price to fall.<br>B)
Q84: Pizza is a normal good. When the
Q87: Which of the following will increase the
Q90: A technological improvement lowers the cost of
Q91: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5270/.jpg" alt=" -The figure illustrates
Q92: After the sugar substitute saccharin was found
Q93: The demand curve for a normal good
Q101: Farmers can use their land to grow
Q145: List the factors change demand and shift
Q488: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The above figures