Solved

When an Economist Says That the Demand for a Product

Question 3

Multiple Choice

When an economist says that the demand for a product has increased,he or she means that:


A) consumers are now willing to purchase more of this product at every price
B) the product has become particularly scarce for some reason
C) the product's price has fallen and, consequently, consumers are buying a larger quantity of the product
D) the demand curve has shifted to the left
E) the product has suddenly become plentiful

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents