Which of the following statement(s) most likely describes the outcome of a change in price?
a. A change in the price of a good never causes the demand curve for that good to shift.
b. A change in the price of a good never causes the demand or supply curve for that good to shift.
c. A change in the price of a good never causes the supply curve for that good to shift.
d. A change in the price of a good causes the demand and supply curves for that good to shift.
b. A change in the price of a good never causes the demand or supply curve for that good to shift.
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What is a centrally planned economy?
What will be an ideal response?
A monopoly that is maximizing profits never operates in the ________ portion of the demand curve
A) unitary elastic B) elastic C) inelastic D) horizontal
The slope of a line with rise of five and run of two is positive.
Answer the following statement true (T) or false (F)
The rise in unemployment that occurs because of a recession is known as frictional unemployment
a. True b. False Indicate whether the statement is true or false