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
A. the demand for apples to decrease.
B. the demand curve to shift toward the origin.
C. the quantity of apples demanded to fall.
D. the quantity of apples demanded to increase.
Answer: D
Economics
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What will be an ideal response?
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Table 21.4Output (Units per Day)Total Cost (Dollars per Day)016130242358478At 3 units of output in Table 21.4, average fixed costs are
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Economics