A demand curve
a. has a positive slope; that is, when price increases, quantity demanded increases
b. depicts the negative relationship between price and quantity demanded; that is when price increases, quantity demanded falls
c. depicts what happens to demand when supply changes
d. depicts what happens to supply when demand changes
e. illustrates that price and quantity demanded cannot change at the same time
B
You might also like to view...
Why do governments in less-developed nations impose tariffs?
A) The nation's total income will be increased. B) The government gains revenue from the tariff. C) The government diversifies its economy. D) The national security of the country definitely is improved. E) The government's low-paid workers are protected from high-paid foreign workers.
Data collected on a sample of individuals with different characteristics at a specific point in time are called:
A) cross-section data. B) time series data. C) panel data. D) none of the above.