Multiple Choice
Which of the following is a determinant of demand?
A) cost of production
B) income
C) technology
D) number of suppliers
Correct Answer:

Verified
Correct Answer:
Verified
Q16: Two goods are substitutes if<br>A)the two goods
Q17: For typical goods and services,supply curves are<br>A)vertical.<br>B)horizontal.<br>C)downward
Q18: Sarah gets a raise in pay of
Q19: When the actual price is above the
Q20: Figure 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Figure 3-2
Q22: Table 3-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Table 3-3
Q23: Explain what is wrong with saying that
Q24: Figure 3-6 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Figure 3-6
Q25: Which one of the following is NOT
Q26: Explain what it means for a market