Which of the following is not true regarding a change in quantity demanded?
a. A change in quantity demanded is shown by a movement along a given demand curve.
b. The demand curve shifts whenever the quantity demanded changes.
c. A change in the price of a good, other things constant, will lead to a change in quantity demanded.
d. The lower the price of a product, other things constant, the higher the quantity demanded.
e. A shift of the supply curve might cause a change in quantity demanded.
B
You might also like to view...
Use the above table. We can infer from the table that when real disposable income is $175
A) APC = 0.80. B) APC = 0.09. C) APC = 0.91. D) APC = 0.20.
Dave and Buster play two games of tennis, and then decide to go have lunch. Using the concept of utility to explain their choices, we can conclude that:
A. the marginal utility from playing a third game must be less than the marginal utility from having lunch. B. the marginal utility from playing a third game must be negative for them. C. they each won one game of tennis. D. All of these must be true.
Changes in GDP in the short run are caused primarily by
A) demand factors. B) supply factors. C) technology. D) capital accumulation. E) all of the above
The U.S. Bureau of Labor Statistics forecasts that by 2024, total employment in U.S. ________ will decline to 11.4 million
A) manufacturing B) education C) health care fields D) law enforcement