Multiple Choice
The price of a good will rise if
A) demand for the good decreases.
B) supply of the good decreases.
C) there is a surplus of the good.
D) the price of a substitute for the good decreases.
E) the good is an inferior good and income increases.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q26: Use the table below to answer the
Q27: Use the figure below to answer the
Q28: The price of good X falls and
Q29: The relative price of a good is<br>A)the
Q30: If demand increases and supply decreases,then the<br>A)equilibrium
Q32: Suppose the price of a football is
Q33: Use the figure below to answer the
Q34: Some sales managers are talking shop.Which one
Q35: Use the figure below to answer the
Q36: The price of good A rises,and the