If the price of a good rises, then moving along a demand curve the percentage change in the quantity demanded will be
A) positive.
B) negative.
C) zero.
D) either positive, negative, or zero depending on how the demand curve shifted.
E) undefined.
B
You might also like to view...
The market supply curve of capital is
a. upward sloping b. perfectly inelastic c. upward sloping at first but then bends backward d. downward sloping e. perfectly elastic
A direct relationship exists when:
a. there is no association between two variables. b. one variable increases and there is no change in the other variable. c. one variable increases and the other variable increases. d. one variable increases and the other variable decreases.
Since we all like to get richer, so when wage rate increases we always like to work longer hours to make more income
a. True b. False Indicate whether the statement is true or false
Which of the following is the best statement about how the amount of the net public debt that a typical individual owes to the holders of the debt has varied in the recent past?
A. The amount has steadily decreased over time. B. The amount has varied a lot over time. C. The amount has not varied at all. D. The amount has steadily increased over time.