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Sublight2097 Sublight2097
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8 years ago
"Less demand causes lower prices, and lower prices cause more demand." The above statement shows
A) economic theory can be used to prove just about anything.
B) everything depends on everything else.
C) prices fluctuate in a free-market situation.
D) the speaker has confused himself by saying demand in the first half of the statement when he meant quantity demanded.
E) the speaker has confused himself by saying demand in the second half of the statement when he meant quantity demanded.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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Chimelo46Chimelo46
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8 years ago
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Sublight2097 Author
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#2
8 years ago
Seriously, you've been tremendously helpful! Thank you.
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#3
8 years ago
It was nothing, thanks for updating us.
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