This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements is FALSE about the demand curve? A) An increase in demand ... (Read 70 times)

amal

  • Hero Member
  • *****
  • Posts: 572
on: Jun 29, 2018
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
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


amal

  • Member
  • Posts: 572
Reply 2 on: Jun 29, 2018
:D TYSM

jojobee318

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

« previous next »
 

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

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?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Early in the twentieth century, when malnutrition was common, companies such as this one advertised Early in the twentieth century, when malnutrition was common, companies such as this one advertised
How to convert verbal statements into algebraic equations (Part 3) How to convert verbal statements into algebraic equations (Part 3)
Growth in the demand for oil from the developing world Growth in the demand for oil from the developing world
The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur
How high a hill would a 75-kg hiker have to climb to increase her gravitational potential ... How high a hill would a 75-kg hiker have to climb to increase her gravitational potential ...
Increase in total spending in presidential campaigns, 1976-2020 Increase in total spending in presidential campaigns, 1976-2020
Video: What is Reverse Osmosis?

For a complete list of videos, visit our video library