.If price falls, what happens to the demand for a product?
What will be an ideal response?
It does not change.
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In the United States, the main source of fluctuations in the current account balance is
A) exports of capital. B) net transfers. C) international debt. D) net exports. E) net interest.
Which of the following types of goods tend toward elastic demand?
a. luxuries b. durable goods c. goods with multiple uses d. All of these.
Which statement is true?
A. The firm is making a profit in the short run.
B. The firm is making a profit in the long run.
C. The firm is making a loss in the short run.
D. The firm is making a loss in the long run.
Which of the following is true of refundable tax credits?
A. They included Child Tax Credit but not Earned Income Tax Credit. B. They resulted in a decrease in tax filings while population increased during the 1980s. C. They led to a decrease in the number of income-tax returns filed during the 2000s. D. They increased the number of low-earning households filing tax returns.