This topic contains a solution. Click here to go to the answer

Author Question: Which of the following statements is FALSE about the demand curve? A) An increase in demand ... (Read 62 times)

amal

  • Hero Member
  • *****
  • Posts: 572
Which of the following statements is FALSE about the demand curve?
 
  A) An increase in demand shifts the demand curve to the left, closer to the price axis.
  B) When only the price of a good changes, there is movement along the demand curve but no change in demand.
  C) A change in demand is graphically shown by shifting the entire demand curve.
  D) When demand decreases, there is a drop in the quantity demanded at each price.

Question 2

One key assumption of the classical model is
 
  A) government spending plays a major role.
  B) money illusion cannot fool workers.
  C) wages are sticky.
  D) prices are sticky.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cloud

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

A

Answer to Question 2

B




amal

  • Member
  • Posts: 572
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


jojobee318

  • Member
  • Posts: 298
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Critical care patients are twice as likely to receive the wrong medication. Of these errors, 20% are life-threatening, and 42% require additional life-sustaining treatments.

For a complete list of videos, visit our video library