In an attempt to raise sales, Hannah cut prices in her bookstore by 20 percent. If the dollar value of her sales remained constant, that indicates
a. old customers bought no more books.
b. no new customers bought books.
c. the quantity of books sold increased 20 percent.
d. the demand curve is vertical.
c
Economics
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Among the factors that have a negative impact on savings in the United States is the
A) tax system. B) fact that colleges give less in financial aid to students whose families have savings. C) structure of our welfare programs. D) all of the above.
Economics
An increase in supply is caused by:
A) an increase in resource prices. B) suppliers' expectations of higher prices in the future. C) an increase in the price of a good using the same resources. D) a decrease in the price of a good using the same resources.
Economics