Author Question: If consumers were originally willing to buy 500 units of a good at a price of 20 are now willing to ... (Read 45 times)

Awilson837

  • Hero Member
  • *****
  • Posts: 509
If consumers were originally willing to buy 500 units of a good at a price of 20 are now willing to buy 500 units of the same good at a price of 10, that change would be described as a decrease in demand.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following will decrease aggregate demand?
 a. exports rising faster than imports
 b. exports falling faster than imports
 c. exports rising the same amount as imports
  d. exports rising and imports falling



Eazy416

  • Sr. Member
  • ****
  • Posts: 360
Answer to Question 1

True

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

For a complete list of videos, visit our video library