Multiple Choice
By drawing a demand curve with price on the vertical axis and quantity on the horizontal axis,economists assume that the most important determinant of the demand for a good is
A) consumer income.
B) consumer tastes and preferences.
C) the price of the good.
D) the quality of the good.
Correct Answer:
Verified
Correct Answer:
Verified
Q30: A _ demand curve for shampoo would
Q31: A decrease in input costs in the
Q32: A surplus is defined as the situation
Q33: Several studies have shown promising links between
Q34: At a product's equilibrium price<br>A)anyone who needs
Q36: One would speak of a movement along
Q37: Which of the following will not shift
Q38: An increase in the demand for LED
Q39: In April,market analysts predict that the price
Q40: Suppose a drought resulted in a major