menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Macroeconomics
  4. Exam
    Exam 2: Making Smart Choices: the Law of Demand
  5. Question
    If the Price of Automobiles Falls, the Demand for Bicycles
Solved

If the Price of Automobiles Falls, the Demand for Bicycles

Question 57

Question 57

True/False

If the price of automobiles falls, the demand for bicycles decreases and the demand for gasoline increases.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

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

Q58: The demand curve for gasoline has shifted

Q59: A once-in-a-lifetime trip to Paris will give

Q60: Demand for gasoline increases on Fridays because<br>A)

Q61: Turnips are an inferior good. If nothing

Q62: Economists use the term demand to summarize

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines