Macroeconomics 11th Edition by Stephen Slavin

Exercise 2

Before you get started, you'll find it's much easier to answer many of these questions by first sketching a graph of a supply and demand curve. In fact, that graph will help you answer the first four questions.
Circle the letter that corresponds to the best answer.
What happens to quantity demanded when price is raised?
a) It rises.
b) It falls.
c) It stays the same.
d) It cannot be determined if it rises, falls, or stays the same.