Why does the quantity demanded decrease when the price of a good increases?
A. People choose to reduce consumption of the item.
B. People “drop out” of the market for the item.
C. People find substitutes for the item.
D. All of these responses are correct.
Answer: D
Economics
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A) $35 B) $665 C) $735 D) $770
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Which of the following is likely to increase the exchange rate of Yen to euros (¥/€)?
A) an increase in investment opportunities in the U.S. B) a decrease in investment opportunities in the eurozone C) an increase in demand for European goods in Japan D) a decrease in demand for European goods in Japan
Economics