Multiple Choice
The "law of demand" states that
A) the quantity demanded of a good is inversely related to the quantity supplied.
B) demand for a good is directly related to its price.
C) the quantity demanded of a good is inversely related to its price.
D) demand for a good is directly related to its supply.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: An increase in the expected future price
Q2: The observation that the demand curve for
Q4: The quantity supplied of a good is<br>A)
Q5: A relative price is<br>A) the ratio of
Q7: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -In the above
Q8: Which of the following is true?<br>A) An
Q9: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The above table
Q10: When income increases, the demand curve for
Q11: An unusually warm winter shifts the<br>A) supply
Q171: If the price of a video rental