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dskmvld dskmvld
wrote...
Posts: 489
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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Answer verified by a subject expert
JennyyyJennyyy
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Posts: 391
5 years ago
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dskmvld Author
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5 years ago
Brilliant
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Yesterday
You make an excellent tutor!
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2 hours ago
This helped my grade so much Perfect
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