Which of the following statements is false?
A) An upward-sloping supply curve graphically represents the law of supply.
B) A vertical supply curve graphically represents the law of supply.
C) If income rises and good X is a normal good,then the demand for good X will rise.
D) If income falls and good Y is an inferior good,then the demand for good Y will rise.
Correct Answer:
Verified
Q141: The government imposes a $2.50 per-unit tax
Q142: If the demand for a good rises
Q143: One point on a market supply curve
Q144: If a demand curve shifts rightward,this means
A)
Q145: Labor is a resource that is necessary
Q147: Which of the following statements is false?
A)
Q148: A vertical supply curve represents:
A) an inverse
Q149: One reads the following in a newspaper:
Q150: If a supply curve shifts rightward,this means
A)
Q151: A change in price will lead to
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