When economists say the quantity demanded of a product has increased, they mean the:
a. demand curve has shifted to the left.
b. demand curve has shifted to the right.
c. price of the product has fallen, and consequently, consumers are buying more of it.
d. price of the product has risen, and consequently, consumers are buying less of it.
c
Economics
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An increase in the US demand for British pounds causes
a. An appreciation of the pound b. Depreciation of the dollar c. None of the above d. Both a and b
Economics
A free rider is one who enjoys the benefits of a public good without paying for it
a. True b. False Indicate whether the statement is true or false
Economics