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Author Question: If the price of chocolate chip cookies rises, then A) the demand curve for chocolate chip cookies ... (Read 650 times)

lracut11

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on: Jun 29, 2018
If the price of chocolate chip cookies rises, then
 
  A) the demand curve for chocolate chip cookies shifts rightward.
  B) the demand curve for chocolate chip cookies shifts leftward.
  C) there is a movement downward along the demand curve for chocolate chip cookies.
  D) there is a movement upward along the demand curve for chocolate chip cookies.

Question 2

On a straight-line downward-sloping demand curve, the maximum elasticity of demand occurs
 
  A) at its vertical intercept.
  B) at its midpoint.
  C) at its horizontal intercept.
  D) where it intersects the supply curve.


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Swizqar

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

D

Answer to Question 2

A


lracut11

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Reply #2 on: Jun 29, 2018
Correct answers!


Swizqar

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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