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Author Question: A change in the price level in an economy will be depicted by a movement along the AE curve and not ... (Read 64 times)

mpobi80

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on: Jun 30, 2018
A change in the price level in an economy will be depicted by a movement along the AE curve and not by a leftward or rightward movement of the curve.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If the price of ice cream increases and the quantity demanded decreases, economists would describe this as:
 a. a change in demand.
 b. a change in quantity demanded.
 c. a change in consumer income.
 d. a change in one of the variables that shift demand.


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dmurph1496

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

b


mpobi80

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  • Posts: 519
Reply 2 on: Jun 30, 2018
Excellent

Laurenleakan

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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