What happens to the demand curve when a nonprice determinant of demand changes?
A. The demand curve shifts horizontally.
B. There is a movement along the demand curve.
C. The consumer moves to a different price point.
D. Nothing changes with the demand curve.
A. The demand curve shifts horizontally.
Economics
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Which of the following represents the opportunity cost of holding money?
A) the interest rate B) liquidity C) the rate of inflation D) none of the above
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The alternative quantities demanded for a given time period at different possible prices is known as
A) absolute demand. B) a demand schedule. C) real demand. D) constant demand.
Economics