According to the law of demand, an increase in the price of a good causes

A) a rightward shift of the demand curve for that good.
B) a leftward shift of the demand curve for that good.
C) an upward movement along the demand curve for that good.
D) a downward movement along the demand curve for that good.

C

Economics

You might also like to view...

Laws regulating pollution emissions can change the size of the economic pie

Indicate whether the statement is true or false

Economics

Which of the following accurately describes condemnation by right of eminent domain?

(a) It involves the redistribution of property first owned by the government to private businesses. (b) It was never exercised for such private purposes as acquiring land for canal or railroad construction during the antebellum period. (c) The benefits can be diverse and the costs can be concentrated. (d) It was never exercised by the federal government before the 1870s.

Economics