The only variable that can affect a movement along the demand curve is
A) income levels.
B) the price of the good itself.
C) the number of buyers.
D) the number of substitutes.
B
Economics
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Explain why any firm must generate enough revenue to cover its variable costs in the short run
What will be an ideal response?
Economics
What will happen to the equilibrium quantity and price of salmon in a competitive market when there is an equal decrease in demand and supply?
A. Equilibrium quantity and price will both increase B. Equilibrium quantity and price will both decrease C. Equilibrium quantity will decrease and equilibrium price will stay the same D. Equilibrium quantity will stay the same and equilibrium price will increase
Economics