The quantity of a good demanded tends to increase as its price falls because:
a. a decrease in price shifts the demand curve to the right
b. a decrease in price shifts the demand curve to the left.
c. a decrease in price shifts the supply curve to the right.
d. a decrease in price leads consumers to substitute toward this now relatively cheaper product.
d
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In the 1870s, roughly ___ percent of immigrants came from northern and western Europe; by 1910, more than ___ percent of the total came from southern and eastern Europe
a. 10; 10 b. 20; 80 c. 40 ; 60 d. 80; 80
Other things equal, when Europeans want to buy more grains from the United States:
a. U.S. imports will increase. b. European exports will increase at every level of domestic income. c. U.S. exports will increase at every level of domestic income. d. the U.S. balance of payments will show a deficit. e. U.S. consumption spending will fall.