Multiple Choice
Which statement illustrates the law of demand?
A) An increase in tuition encourages more students to enroll in university because the quality of education has risen.
B) Consumers buy more personal computers because prices have fallen.
C) Oil companies drill for new sources because prices are higher.
D) Fewer people play golf because incomes are lower.
Correct Answer:
Verified
Correct Answer:
Verified
Q16: Use the following to answer question: <img
Q63: The market for milk is initially in
Q65: A negative relationship between the quantity demanded
Q68: Which factor would cause an INCREASE in
Q71: Use the following to answer questions:<br>Figure: Shifts
Q90: If the demand for tires goes down
Q95: If the price of a commodity increases,you
Q108: "In 2008,air travel decreased substantially,despite significant reductions
Q219: Use the following to answer question: <img
Q237: Suppose the equilibrium price of good X