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Author Question: Other things equal, when the price of a good rises, the quantity demanded of the good falls, and ... (Read 62 times)

jwb375

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on: Jun 30, 2018
Other things equal, when the price of a good rises, the quantity demanded of the good falls, and when the price falls, the quantity demanded rises. This relationship between price and quantity demanded is referred to as
 a. equilibrium.
 b. the law of demand.
 c. the relationship between demand and income.
  d. the definition of a normal good.

Question 2

If the stock market continues a steady climb upwards, this ____ consumer confidence and wealth, leading to ____ consumption, and ____ aggregate demand.
 a. increases, decreased, increased
  b. decreases, decreased, decreased
  c. increases, increased, increased
  d. increases, increased, decreased


tennis14576

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


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jwb375

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Reply #2 on: Jun 30, 2018
Correct answers!


tennis14576

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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