Author Question: A demand curve shows how quantity demanded changes as the price changes. It implies that a. only a ... (Read 80 times)

ss2343 · **on:** Jul 1, 2018

A demand curve shows how quantity demanded changes as the price changes. It implies that
a. only a change in price can shift a demand curve
b. everything else that affects demand is assumed to be constant
c. quantity demanded is unrelated to price
d. economists are concerned only with money
e. it is impossible to show how anything but price affects demand

Question 2

The demand for a product is the amount that
a. buyers purchase in the market
b. buyers are willing to purchase at a given price
c. sellers are willing to sell at a particular price
d. buyers are willing and able to purchase at alternative prices
e. buyers are able to purchase at a specific price