Movements along a demand curve caused by a change in price probably means that:
A) there has been an endogenous shift in the demand curve.
B) there has been an exogenous shift in the demand curve.
C) there has been a shift in an exogenous factor that affects supply.
D) the supply curve is not shifting.
Correct Answer:
Verified
Q17: Economics is often described as:
A)the science of
Q18: In general, economics is the study of:
A)the
Q19: An exogenous variable in a consumer's choice
Q20: Suppose a consumer's level of satisfaction is
Q21: An equilibrium:
A)is a condition that is reached
Q23: Suppose that we illustrate demand and supply
Q24: Suppose the equilibrium rent for apartments in
Q25: Which of the following statements is true?
A)Endogenous
Q26: Another term for equilibrium would be:
A)a point
Q27: Currently, 100,000 units of a good are
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