As price falls, quantity demanded
A. rises.
B. falls.
C. remains the same.
A. rises.
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Refer to the scenario above. The winner of this auction will earn a consumer surplus of ________
A) $450 B) $50 C) $150 D) $100
Compare the long-run supply curve for a constant-cost industry, a decreasing-cost industry, and an increasing-cost industry. Give an example with an explanation for each
What will be an ideal response?
The Federal Trade Commission was established in 1914 to
A) regulate trade of public goods. B) promote competition in interstate commerce. C) investigate unfair competitive practices. D) prevent non-price competition.
As fiscal consolidation takes place, the central bank should
A) decrease the policy rate. B) increase the policy rate. C) increase inflation rate. D) decrease money supply.