A decrease in the price of spaghetti is likely to cause:
A. a movement to the right along the demand curve for spaghetti.
B. an inward shift of the demand curve for spaghetti.
C. an outward shift of the demand curve for spaghetti.
D. a movement to the left along the demand curve for spaghetti.
A. a movement to the right along the demand curve for spaghetti.
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If a $10,000 face-value discount bond maturing in one year is selling for $5,000, then its yield to maturity is
A) 5 percent. B) 10 percent. C) 50 percent. D) 100 percent.
According to the law of supply:
a. there is an inverse relationship between price and quantity demanded. b. there is a direct relationship between price and quantity demanded c. there is an inverse relationship between price and the quantity supplied. d. there is a direct relationship between price and the quantity supplied.