A. p = mc. b. p = atc. c. mr = mc. d. mc = ac

A demand curve shows the relationship between

A) the price of a produce and the demand for the product. B) the quantity that consumers are willing and able to buy and the quantity that sellers are willing and able to offer. C) the price of a product and the quantity of the product demanded. D) the amount of a product sellers are willing to sell at a particular price and the amount consumers are willing to buy at that price.

Refer to Figure 13-1. Ceteris paribus, an increase in government spending would be represented by a movement from

A) AD1 to AD2. B) AD2 to AD1. C) point A to point B. D) point B to point A.