According to the law of demand:
A.) Price and quantity demanded are inversely related.
B.) Price is constant along a particular demand curve.
C.) The demand curve will shift rightward as price increases.
D.) Businesses will produce more as price increases.
A.) Price and quantity demanded are inversely related.
You might also like to view...
From the table below, choose the optimum option using marginal analysis
Option Total Cost ($) 1 150 2 100 3 80 4 70 5 90 6 120 What will be an ideal response?
The unemployment rate is the number of unemployed people
A) divided by the sum of the number of people who are working and the number of people who are looking for work. B) and the number of people working fewer than their desired number of hours, divided by the number of people who are working or looking for work. C) divided by the total working-age population. D) divided by the number of people who are working.
When Dale buys a new computer for $1,000 using a credit card,
A) his bank account decreases by $1,000. B) he is taking out a loan for $1,000. C) the credit card is acting as money. D) the money supply decreases by $1,000. E) the credit card is performing the function of an unit of account.
A ________ is a transaction in which both a spot transaction and a forward transaction are agreed upon simultaneously
A) arbitrage B) call C) swap D) put