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Author Question: If the price of gasoline (a normal good) decreases, other things constant, a. the demand for ... (Read 113 times)

elizabeth18

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on: Jul 1, 2018
If the price of gasoline (a normal good) decreases, other things constant,
 a. the demand for gasoline increases
  b. the demand for gasoline decreases
  c. the quantity demanded of gasoline increases
  d. the quantity demanded of gasoline decreases
  e. neither the demand for gasoline nor the quantity demanded of gasoline changes because everything is assumed constant along a demand curve

Question 2

If the price of a haircut (a normal good) increases, other things constant, the
 a. demand for haircuts increases
  b. demand for haircuts decreases
  c. quantity demanded of haircuts decreases
  d. quantity demanded of haircuts increases
  e. demand for haircuts, or quantity demanded of haircuts decreases; they are the same thing


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bookworm410

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

C


elizabeth18

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Reply #2 on: Jul 1, 2018
Thank you :)


bookworm410

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Reply #3 on: Jul 1, 2018
Happy to help you


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