Multiple Choice
Demand increases when there are
A) expectations of lower prices tomorrow.
B) falls in the price of complementary products or services.
C) decreases in the number of consumers who buy this product or service.
D) decreases in income, but only for normal goods.
E) falls in the price of substitute products or services.
Correct Answer:
Verified
Correct Answer:
Verified
Q46: A Sociology class is a substitute for
Q47: Demand _ if the price of a
Q48: If Apple raises the price for a
Q49: If the price of gasoline rises, the
Q50: Instead of advertising on television, Abercrombie and
Q52: Your preferences measure<br>A) the availability of alternatives.<br>B)
Q53: If a rise in the price of
Q54: If you spend the next hour studying
Q55: The law of demand states that, if
Q56: If the minimum age for buying beer