Which of the following statements about demand is correct?
a. A change in the price of bicycles will not lead to a shift of the demand curve for bicycles.
b. A change in the price of automobiles will lead to a shift of the demand curve for motorcycles.
c. A change in demand is equivalent to a movement along a given demand curve.
d. When price falls, so does the quantity demanded.
e. When the demand curve shifts to the right, so will the supply curve.
A
Economics
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