If the price of chocolate chip cookies rises, then
A) the demand curve for chocolate chip cookies shifts rightward.
B) the demand curve for chocolate chip cookies shifts leftward.
C) there is a movement downward along the demand curve for chocolate chip cookies.
D) there is a movement upward along the demand curve for chocolate chip cookies.
D
You might also like to view...
People use water for trivial, unimportant purposes because
A) there is little demand for water. B) its relative price is very low. C) they don't realize how essential water is to life. D) they don't realize the world's supply of water is limited. E) they underestimate the total demand for water.
A defining characteristic of an oligopoly is:
A. barriers to entry prevent newcomers to such an industry. B. easy entry and exit prevent long-run profits from being possible. C. firms in the industry know they are competing with a few large firms with market power. D. all firms sell a standardized product.