Multiple Choice
The law of demand refers to how
A) demand changes when people's incomes change.
B) demand changes when the prices of substitutes and complements change.
C) the price of the good changes when people's demand for the good changes.
D) the quantity demanded changes when the demand for the good changes.
E) the quantity demanded changes when the price of the good changes.
Correct Answer:
Verified
Related Questions
Q20: As a falling price eliminates a surplus
Q22: Which of the following shifts the supply
Q23: During 2008 the supply of gasoline decreased
Q24: When there is a surplus of snowboards,
