Which is of the following statements is correct?
A. If demand decreases, then price will decrease.
B. If price decreases, then demand will decrease.
C. If demand increases, then price will decrease.
D. If price increases, then demand will decrease.
Answer: A
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Which of the following is NOT a positive statement?
A) The unemployment rate is 5.8 percent. B) The inflation rate for 2002 was 2.3 percent. C) The national debt is too high. D) The federal government budget for 2004 is $2.2 trillion.
As a general rule, a recession occurs when there is a six consecutive month fall in:
a. nominal GDP. b. real GDP. c. the price level. d. the trade balance.
When outcomes are uncertain, managers need to
A. describe the risks involved. B. evaluate the risks involved. C. manage the risks involved. D. All of the above
Why does perfect competition shun advertising? Does advertising benefit a monopoly?
What will be an ideal response?