Which of the following statements about demand is true?
A) Since most college students want a Mercedes sports coupe, their demand for it is high.
B) If price increases, the demand curve shifts to the right.
C) The demand curve for bacon will not shift when the price of bacon changes.
D) If a supply curve shifts, thereby changing the price, the demand curve will shift as well.
E) If a demand curve shifts, the supply curve will shift as well, whether or not the price changes.
Correct Answer:
Verified
Q26: Which of the following will not shift
Q27: A demand curve usually has a
A)negative slope
Q28: Which of the following is not true
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