Author Question: The quantity of a good demanded tends to increase as its price falls because: a. a decrease in ... (Read 171 times)

littleanan

  • Hero Member
  • *****
  • Posts: 575
The quantity of a good demanded tends to increase as its price falls because:
 a. a decrease in price shifts the demand curve to the right.
 b. a decrease in price shifts the demand curve to the left.
 c. a decrease in price shifts the supply curve to the right.
 d. a decrease in price leads consumers to substitute toward this now relatively cheaper product.

Question 2

If exports and imports both rose, but exports rose less than imports,
 a. AD would decrease.
 b. AD would increase.
 c. AD would be unaffected.
 d. AD could either increase or decrease.



wergv

  • Sr. Member
  • ****
  • Posts: 365
Answer to Question 1

d

Answer to Question 2

a



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

For a complete list of videos, visit our video library