According to the Law of Demand, the demand curve for a good will
A) shift leftward when the price of the good increases.
B) shift rightward when the price of the good increases.
C) slope downward.
D) slope upward.
C
You might also like to view...
If the required reserve ratio decreases, the
Over time, poverty in the United States, as measured by the number of poor, has increased the most
a. among women because of discrimination b. among women because of an increasing divorce rate c. among households headed by women d. among the elderly because of cutbacks in the Social Security program e. for men because there are more of them
Buyers who are persuaded to take a product home to try it out, _____
a. are likely to return the product later b. are lucky the seller is not concerned about the buyers' credit ratings c. will not derive any utility from that product. d. have no money to pay at the time e. will be reluctant to return the product when payment is due
One result of adverse selection in the market for used cars is:
A. more lemons (low quality) may be offered for sale than plums (high quality). B. more plums (high quality) may be offered for sale than lemons (low quality). C. few lemons (low quality) are sold. D. no used cars are sold.