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Sublight2097 Sublight2097
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8 years ago
Suppose we observe a substantial increase in the price of a good, and, at the same time, an increase in the quantity of the good demanded. What can we conclude?
A) The law of supply is untrue.
B) Consumers haven't followed the law of demand.
C) The demand curve has shifted to the right.
D) The good is a luxury good.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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SmooothSmoooth
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#1
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8 years ago
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Sublight2097 Author
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#2
8 years ago
I've noticed they use a lot of trickery with their questions. Thank you for your input.
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#3
8 years ago
No problemo Happy Dummy
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