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Other Fields Homework Help Economics Topic started by: Sublight2097 on Jun 20, 2015



Title: Suppose the price of home heating oil is unchanged, yet we observe people purchasing 20% more than a
Post by: Sublight2097 on Jun 20, 2015
Suppose the price of home heating oil is unchanged, yet we observe people purchasing 20% more than a year ago. Then
A) the demand for home heating oil has increased.
B) the demand for home heating oil has decreased.
C) the demand for home heating oil has remained unchanged—only quantity demanded changed.
D) the law of demand has been proven false.


Title: Re: Suppose the price of home heating oil is unchanged, yet we observe people purchasing 20% more th
Post by: Dropx on Aug 18, 2015
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Title: Re: Suppose the price of home heating oil is unchanged, yet we observe people purchasing 20% more than a
Post by: Sublight2097 on Aug 31, 2015
My mind was going in all different directions trying to figure this one out. Thanks so much.


Title: Re: Suppose the price of home heating oil is unchanged, yet we observe people purchasing 20% more than a
Post by: Dropx on Aug 31, 2015
Thanks for the feedback :)