The desire for carrots changes as one moves down the demand curve for carrots.
Answer the following statement true (T) or false (F)
False
A movement along a demand curve represents how many carrots people are willing and able to buy at different price levels. A change in desire for carrots will cause the demand curve to change (shift).
Economics
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The principle of comparative advantage implies that
A) only wealthy countries ultimately can benefit from international trade. B) every country can benefit from international trade. C) we should limit the extent to which people specialize. D) most people are harmed by trade.
Economics
The U.S. Social Security tax is an example of a
A) progressive tax. B) proportional tax. C) premium tax. D) regressive tax.
Economics