Which of the following statements is false?
A) An upward-sloping supply curve graphically represents the law of supply.
B) A vertical supply curve graphically represents the law of supply.
C) If income rises and good X is a normal good, then the demand for good X will rise.
D) If income falls and good Y is an inferior good, then the demand for good Y will rise.
B
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The price elasticity of demand depends on
A) the units used to measure price and the units used to measure quantity. B) the units used to measure price but not the units used to measure quantity. C) the units used to measure quantity but not the units used to measure price. D) neither the units used to measure price nor the units used to measure quantity.
In the United States from 1981 to 2013, deaths from ________ increased largely due to the effects of increasing obesity
A) cancer B) diabetes C) strokes D) heart attacks