Solved

If the Quantity of Chocolate Demanded Decreases as the Price

Question 26

Multiple Choice

If the quantity of chocolate demanded decreases as the price of chocolate increases, economists would describe this as:

A) a decrease in demand.
B) a decrease in quantity demanded.
C) a change in consumer income.
D) a decrease in consumers' taste for chocolate.

Related Questions

Q21: If some consumers are 'first adopters', that

Q23: An increase in consumer income causes a

Q28: If an increase in leather prices caused

Q30: Which of the following is evidence of

Q40: Figure 3-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 3-1

Q82: What is the difference between an "increase

Q105: If the population increases and input prices

Q127: If a demand curve shifts to the

Q180: Assume that the price for swimming pool

Q214: In January, buyers of gold expect that