When the price of a good or service changes,

a. the supply curve shifts in the opposite direction.
b. the demand curve shifts in the opposite direction.
c. the demand curve shifts in the same direction.
d. there is a movement along a given demand curve.

d

Economics

You might also like to view...

In which zone does the total physical product reach it maximum value?

a. Increasing marginal return b. Negative marginal return c. Diminishing marginal return d. Decreasing total physical product

Economics

For an efficient outcome, MR must exceed MC

a. True b. False Indicate whether the statement is true or false

Economics