Multiple Choice
Which of the following statements about demand is correct?
A) A change in the price of bicycles will not lead to a shift of the demand curve for bicycles.
B) A change in the price of automobiles will lead to a shift of the demand curve for motorcycles.
C) A change in demand is equivalent to a movement along a given demand curve.
D) When price falls,so does the quantity demanded.
E) When the demand curve shifts to the right,so will the supply curve.
Correct Answer:
Verified
Correct Answer:
Verified
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