According to the law of demand, if:
a. product price increases, quantity demanded will decrease.
b. consumer income increases, quantity demanded will increase.
c. product price increases, quantity demanded will increase.
d. consumer income increases, quantity demanded will decrease.
e. supply increases, demand will increase.
a
Economics
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As a result of firms leaving the perfectly competitive frozen yogurt market in the early 2000s, the market
A) supply curve shifted leftward. B) supply curve did not change. C) demand curve shifted rightward. D) supply curve shifted rightward. E) demand curve shifted leftward.
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When shopping the consumer is interested in absolute prices
Indicate whether the statement is true or false
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