Multiple Choice
A decrease in price of a certain good most likely will lead to
A) an increase in quantity demanded and an increase in the demand for that good.
B) an increase in quantity demanded but no change in the demand for that good.
C) an increase in demand but no change in quantity demanded.
D) no change in demand and no change in quantity demanded.
Correct Answer:

Verified
Correct Answer:
Verified
Q262: Drawing the supply curve and the demand
Q263: If the price of a good rises,
Q264: Rent controls and controls on other prices
Q265: The position of a demand curve is
Q266: Governments of market-oriented economies never tamper with
Q268: When the market price is above equilibrium
Q269: An upward-sloping supply curve shows that<br>A)buyers are
Q270: Any factor that shifts the demand curve
Q271: A shift of the demand curve for
Q272: At an equilibrium price, quantity demanded<br>A)exceeds quantity