In general,as price of a good or service increases,the quantity demanded:
A) declines.
B) remains the same irrespective of the product type.
C) increases.
D) first increases and then decreases irrespective of the product type.
Correct Answer:
Verified
Q3: A demand curve will shift to the
Q12: If the number of buyers decreases,the demand
Q13: An economist studies the consumer behavior in
Q30: List the economic challenges in today's world.
Q31: List the four factors of production and
Q33: The study of macroeconomics is _.
A)concerned with
Q34: What is a federal budget? Explain how
Q36: Which of the following refers to the
Q38: If buyers' incomes increase,the demand curve will
Q39: Explain oligopoly.
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