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Author Question: A curve that depicts the relationship between price and quantity demanded is the: a. supply curve. ... (Read 111 times)

jman1234

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on: Jun 30, 2018
A curve that depicts the relationship between price and quantity demanded is the:
 a. supply curve. b. supply schedule.
  c. demand curve. d. equilibrium price.

Question 2

At a price of 5, Sam buys 10 units of a product; when the price increases to 6, Sam buys 8 units. Martha says Sam's demand has decreased. Is Martha correct?
 a. Yes, Martha is correct. Sam's demand has decreased.
  b. No, Martha is incorrect. Sam's demand has increased.
  c. No, Martha is incorrect. Sam's quantity demanded has decreased, and his demand has not changed.
  d. No, Martha is incorrect. Sam's quantity demanded has increased, and his demand has increased.
  e. No, Martha is incorrect. Sam's demand has increased, and his quantity demanded has decreased.


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lorealeza77

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

c

Answer to Question 2

c


jman1234

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

ryhom

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Reply 3 on: Yesterday
Wow, this really help

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