Multiple Choice
Some sales managers are talking shop.Which one of the following quotations refers to a leftward shift of the demand curve?
A) "Since our competitors raised their prices,our sales have doubled."
B) "It has been an unusually mild winter;our sales of wool scarves are down from last year."
C) "We decided to cut our prices,and the increase in our sales has been remarkable."
D) "The Green movement has sparked an increase in our sales of biodegradable products."
E) "More firms are producing biodegradable products."
Correct Answer:

Verified
Correct Answer:
Verified
Q29: The relative price of a good is<br>A)the
Q30: If demand increases and supply decreases,then the<br>A)equilibrium
Q31: The price of a good will rise
Q32: Suppose the price of a football is
Q33: Use the figure below to answer the
Q35: Use the figure below to answer the
Q36: The price of good A rises,and the
Q37: Use the information below to answer the
Q38: Use the figure below to answer the
Q39: Use the figure below to answer the