At a price of $5,Sam buys 10 units of a product.When the price increases to $6,Sam buys 8 units.Martha says Sam's demand has decreased.Is Martha correct?
A) Yes, Martha is correct. Sam's demand has decreased.
B) No, Martha is incorrect. Sam's demand has increased.
C) No, Martha is incorrect. Sam's quantity demanded has decreased, and his demand has not changed.
D) No, Martha is incorrect. Sam's quantity demanded has increased, and his demand has increased.
E) No, Martha is incorrect. Sam's demand has increased, and his quantity demanded has decreased.
Correct Answer:
Verified
Q5: Exhibit 3-1 Market demand Q5: Assume that croutons and soup are complementary Q6: Consumer sovereignty means: Q6: Other things being equal, the effect of Q7: According to the law of demand: Q9: A demand curve: Q9: Demand for goods and services reflects: Q11: If the price of potato chips increases,other Q16: The relationship between price and quantity demanded: Q19: Narrbegin Exhibit 3.2 Demand curves
A)sellers are able to sell
A)as the
A) has a positive slope.
B)
A)the principle
A)
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