Which of the following illustrates the law of demand?
A) An increase in tuition encourages more students to enroll in college because the quality of education has risen.
B) Consumers buy more personal computers because prices have fallen.
C) Oil companies drill for new sources because prices are higher.
D) Fewer people play golf because incomes are lower.
Correct Answer:
Verified
Q2: The market for corn in Kansas is
Q5: A decrease in the price of eggs
Q10: The law of demand is illustrated by
Q11: _ illustrates an inverse relationship between price
Q12: The law of demand states that,other things
Q13: If goods A and B are substitutes,a
Q13: Which of the following best describes demand?
A)A
Q14: A negative relationship between quantity demanded and
Q16: The _ apples will decrease when apple
Q28: For most goods,purchases tend to rise with
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