A movement along the demand curve might be caused by a change in
a. income
b. the prices of substitutes or complements.
c. expectations about future prices.
d. the price of the good or service that is being demanded.
d
Economics
You might also like to view...
Explain why a firm maximizes its profits by producing the level of output at which marginal revenue equals marginal costs
What will be an ideal response?
Economics
If marginal revenue is less than marginal costs
A) production should be decreased. B) production should be decreased and profits will grow. C) production should be decreased and losses will decrease. D) all of these choices are possible.
Economics