Multiple Choice
Other things being equal, the effect of an increase in the price of Coca-Cola would cause a(n) :
A) upward movement along the demand curve for Coca-Cola.
B) leftward shift in the demand curve for Coca-Cola.
C) downward movement along the demand curve for Coca-Cola.
D) rightward shift in the demand curve for Coca-Cola.
Correct Answer:

Verified
Correct Answer:
Verified
Q18: In accordance with the law of supply,
Q19: Which of the following will not shift
Q20: According to the law of supply, when
Q21: Other things being equal, the effects of
Q22: The law of demand indicates that as
Q24: Suppose the prices of petroleum products, including
Q25: The horizontal summation of all individual demands
Q26: A reduction in production costs will not
Q27: An increase in the demand for a
Q28: If the demand for a good decreases