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wrote...
Posts: 60
2 weeks ago

Question 1.

The fact that when the price of a good goes down, people buy more of it is called

ceteris paribus.

• the law of demand.

• the law of supply.

• market equilibrium.

Question 2.

Suppose that the demand curve for apples is downward sloping and the price per pound decreases from $1.25 to $1.00. We would then expect

• the quantity of apples demanded to fall.

• the demand for apples to decrease.

• the quantity of apples demanded to increase.

• the demand curve to shift toward the origin.
Source  Download
Economics Today: The Micro View
Edition: 19th
Author:
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Answer verified by a subject expert
wrote...
Posts: 80
2 weeks ago
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Answer 1

the law of demand.

Answer 2

the quantity of apples demanded to increase.
1
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