Which of the following statements is FALSE?
A) A change in the demand for a product is caused by factors other than changes in the product's price.
B) A decrease in demand shifts the demand curve leftward toward the origin,while a decrease in quantity demanded involves a movement upward along a particular demand curve.
C) If there is an increase in the demand for a product,consumers want to buy more of the product at each and every possible price.
D) If the price of a good rises,quantity demanded of the good decreases and the demand curve shifts toward the origin.
Correct Answer:
Verified
Q83: The cause-and-effect relationship between quantity supplied and
Q84: The market supply curve is found by
A)surveys
Q85: For a normal good,an increase in consumer
Q86: Which of the following statements is TRUE,ceteris
Q87: Which of the following will NOT affect
Q89: Which of the following statements about a
Q90: All of the following will cause the
Q91: The quantity supplied of a particular good
Q92: Which one of the following statements is
Q93: The relationship between quantity supplied and the
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