An increase in the number of consumers in a market would cause
A) an increase in quantity demanded.
B) an increase in quantity supplied.
C) an increase in demand.
D) an increase in supply.
Answer: C
You might also like to view...
Economic profit is
A) equal to the firm's total revenue minus its opportunity costs. B) an opportunity cost of operating the firm. C) equal to the firm's total revenue minus its normal profit. D) the average return for supplying entrepreneurial ability.
Which of the following is an advantage of using a credit card? a. Credit cards help account holders tap directly into their checking account. b. Credit cards help account holders get a loan from the card issuer
c. Credit cards require a PIN number, and are therefore safe. d. Credit card holders can earn a fixed interest on their accounts. e. Credit cards help eliminate the use of money.