Solved

If the Price of a Good or Service Increases, What

Question 1

Multiple Choice

If the price of a good or service increases, what happens to the firm's demand curve?


A) The demand curve shifts inward toward the origin.
B) The demand curve shifts outward away from the origin.
C) There is an upward movement along the demand curve.
D) There is a downward movement along the demand curve.
E) The slope of the demand curve changes.

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