Which of the following illustrates a shift in the demand curve?

A. As the price is raised, the quantity demanded increases, assuming all else stays the same.
B. An internal matter has forced a price change of some type, but it does not impact demand.
C. When prices remain the same, there is an increase or decrease in demand.
D. As the price is lowered, the quantity demanded decreases, assuming all else stays the same.
E. When prices remain the same, there is a significant decrease in demand.


Answer: C

Business

You might also like to view...

Which of the following is calculated by dividing net sales revenue by average net receivables?

A. Receivables turnover ratio B. Days to sell ratio C. Current ratio D. Profit margin

Business

In the formula for the skip interval, the sample size is divided by the population list size

Indicate whether the statement is true or false

Business

A custody arrangement whereby the child of divorcing parents spends a certain amount of time being raised by each parent is known as ________

A) marital custody B) joint physical custody C) arraignment D) accommodation

Business

Danby Design Inc. has approached the bank with its plan to borrow $12,000. The bank offers the choice of a 12 percent discount interest loan or a 10.19 percent add-on, one-year installment loan, payable in 4 equal quarterly payments. What is the approximate (nominal) rate of interest on the 10.19 percent add-on loan?

A. 5.10% B. 10.19% C. 12.00% D. 20.38% E. 30.57%

Business