When demand increases,
a. consumers are willing and able to purchase more of the good at every price
b. consumers are willing and able to purchase less of the good at every price
c. there is a movement to the right along the demand curve
d. this is referred to as a change in quantity demanded
e. the price will tend to fall
A
You might also like to view...
Which of the following is used to argue that the self-interest of public policymakers will often lead to actions that are inconsistent with the preferences of the voters they represent?
A) the median voter theorem B) the voting paradox C) rent seeking D) transitivity of voters' preferences
The infamous "bridge to nowhere" was tucked into emergency spending intended for
A. rebuilding after Hurricane Katrina. B. the new lunar landing mission. C. the war in Iraq. D. elimination of Medicare entitlements.