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Author Question: When the price of a good falls, there will be A) an outward shift in the good's demand curve. B) ... (Read 112 times)

karen

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on: Jun 29, 2018
When the price of a good falls, there will be
 
  A) an outward shift in the good's demand curve.
  B) both an outward shift in the good's demand curve and a movement along the good's demand curve.
  C) a movement along the good's demand curve.
  D) no change in quantity demanded.

Question 2

The assumption that people do not intentionally make decisions that would leave them worse off is known as
 
  A) the rationality assumption.
  B) the microeconomic assumption.
  C) the ceteris paribus assumption.
  D) the normative assumption.


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Kedrick2014

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


karen

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Kedrick2014

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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