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Author Question: According to the law of demand A) people buy more of a good when the price rises. B) people buy ... (Read 32 times)

CBme

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on: Jun 29, 2018
According to the law of demand
 
  A) people buy more of a good when the price rises.
  B) people buy more of a good when their income rises.
  C) people buy more of a good when the relative price rises.
  D) people buy more of a good when the price falls.

Question 2

All of the following are examples of macroeconomic problems EXCEPT
 
  A) inflationary pressures caused by an increase in the cost of petroleum.
  B) unemployment caused by a fall off in the level of residential construction.
  C) a decline in the rate of overall economic growth.
  D) consumers deciding to buy more fish and less beef because of concerns about a healthier diet.


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Fayaz00962

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

D

Answer to Question 2

D


CBme

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

kishoreddi

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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