Multiple Choice
The "law of demand" predicts that, other things being equal,
A) an increase in the price of coffee decreases the quantity of tea demanded.
B) a decrease in the price of petrol decreases the quantity of petrol demanded.
C) an increase in the price of pizza decreases the quantity of pizza demanded.
D) an increase in the price of downloaded music decreases the demand for downloaded music.
Correct Answer:
Verified
Correct Answer:
Verified
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Q66: The equilibrium price is the price at
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Q68: An increase in the number of fast-
Q69: An increase in technology for producing personal
Q71: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4951/.jpg" alt=" -The figure above
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Q74: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4951/.jpg" alt=" -In the figure
Q75: The "law of demand" refers to the
Q388: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The figure above