If the price of tofu falls, the quantity of tofu demanded will increase, but the demand curve for tofu will remain unchanged
Indicate whether the statement is true or false
true
Economics
You might also like to view...
Describe the major costs of inflation, being sure to distinguish between anticipated and unanticipated inflation
What will be an ideal response?
Economics
Which of the following is the best example of a public good?
a. Apples. b. Cars. c. Education. d. National defense.
Economics
Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the short run would be:
A. P1 and Y2. B. P3 and Y1. C. P2 and Y2. D. P2 and Y3.
Economics
Taxes paid divided by total income is the
A. Marginal tax rate. B. Nominal tax rate. C. Horizontal tax rate. D. Effective tax rate.
Economics