A change in the price of a good causes:
a. a change in the quantity demanded and therefore results in a movement along the given demand curve for the good.
b. a change in demand and therefore results in a movement along the given demand curve for the good
c. a change in the quantity demanded and therefore results in a shift in the demand curve for the good.
d. a change in demand and therefore results in a shift in the given demand curve for the good.
a
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When the economy is experiencing a negative output gap:
A. some people and some capital are unemployed. B. the economy may be in a recession. C. there is little inflationary pressure due to low demand. D. All of these statements are true.
Suppose that you decide to purchase either stocks or bonds of a particular corporation and you also prefer to receive some returns from the securities every year. Which should you buy - stocks or bonds? Why?
What will be an ideal response?
Advertising can create an image about a product inducing people to try the product.
Answer the following statement true (T) or false (F)
A country, such as Argentina in 2002, that is buying its own currency to maintain a given exchange rate
A. has a balance of payments surplus. B. has an undervalued currency. C. has an overvalued currency. D. need not fear a “run” on its currency.