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dskmvld dskmvld
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5 years 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.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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JennyyyJennyyy
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5 years ago
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dskmvld Author
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5 years ago
Thanks
branbran2k16
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Yesterday
Helped a lot
nadiia
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2 hours ago
this is exactly what I needed
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