"All else constant, consumers will purchase more of a good as the price falls." This statement reflects the behavior underlying:

A. a change in supply.
B. the supply curve.
C. the demand curve.
D. a change in demand.

Answer: C

Economics

You might also like to view...

If British tastes changed so that Britons began to desire more American goods, there would be

a. a rightward movement along the supply of British pounds curve in the dollar-pound market b. a leftward movement along the supply of British pounds curve in the dollar-pound market c. a rightward shift of the supply of British pounds curve in the dollar-pound market d. a leftward shift of the supply of British pounds curve in the dollar-pound market e. no change in the supply of British pounds curve in the dollar-pound market

Economics

Money is:

A. fungible, meaning it is easily exchangeable or substitutable. B. not fungible, meaning it can be easily exchanged or substituted. C. an alternative to implicit costs. D. a proven cognitive bias.

Economics