A lower quantity demanded of a good reflects,ceteris paribus,
A) Lower income.
B) A downward shift of the supply curve.
C) A higher price of the good.
D) Fewer units actually purchaseD.Quantity demanded of an item and price of the same item are inversely related.
Correct Answer:
Verified
Q1: International participants
A)Take no part in American markets.
B)Participate
Q5: Which of the following is purchased in
Q7: A buyer is said to have a
Q8: According to the law of demand,a demand
Q9: A factor market is any place or
Q13: People benefit by participating in the market
Q15: The most desired goods or services that
Q16: Who participates in markets?
A)Business firms.
B)Business firms and
Q16: The term opportunity cost refers to the
A)Value
Q20: Business firms supply goods and services to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents