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The Figure Given Below Represents the PPC in Two Nations

Question 12

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The figure given below represents the PPC in two nations - Germany and Korea, producing only two goods, cars and food.Figure 2.4
The figure given below represents the PPC in two nations - Germany and Korea, producing only two goods, cars and food.Figure 2.4    -According to the law of demand, if the price of movie rentals decreases, ceteris paribus,: A) the demand for movie rentals would increase. B) the quantity demanded of movie rentals would decrease. C) the quantity demanded of movie rentals would increase. D) the demand for movie rentals would decrease. E) the quantity demanded of movie rentals would not change.
-According to the law of demand, if the price of movie rentals decreases, ceteris paribus,:


A) the demand for movie rentals would increase.
B) the quantity demanded of movie rentals would decrease.
C) the quantity demanded of movie rentals would increase.
D) the demand for movie rentals would decrease.
E) the quantity demanded of movie rentals would not change.

Correct Answer:

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