Buyers who were originally willing to buy 800 units of a good at $4 per unit are now willing to buy 1200 units at $4 per unit. That change would be described as:
a. an increase in demand

b. a decrease in demand.
c. an increase in quantity demanded.
d. a decrease in quantity demanded.

a

Economics

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Which of the following is most likely to happen, if investment in an economy falls?

A) Firms' revenue rise. B) Mortgage defaults fall. C) Labor supply falls. D) Unemployment rises.

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Refer to Figure 11-1. Diminishing marginal returns is illustrated in the per-worker production function in the figure above by a movement from

A) B to C. B) C to D. C) D to C. D) A to C.

Economics