Multiple Choice
When the price of a good increases, it
A) leads suppliers to place few goods on the market.
B) the demand for the good shifts.
C) leads consumers to want to buy more or less than before at a given price.
D) a movement down along the demand curve will occur.
Correct Answer:
Verified
Correct Answer:
Verified
Q82: Supply can shift due to changes in
Q83: Why do price ceilings tend to cause
Q84: Figure 4-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 4-4
Q85: A decrease in the price of VCRs
Q86: Professional baseball teams in the United States
Q88: Sugarcane can be used to produce both
Q89: Sugarcane can be used to produce both
Q90: Demand shifts due to changes in price.
Q91: The supply curve shows<br>A)the same basic information
Q92: An increase in consumer income will shift