Author Question: Which of these statements best represents the law of demand? a. When buyers' tastes for a good ... (Read 56 times)

azncindy619

  • Hero Member
  • *****
  • Posts: 562
Which of these statements best represents the law of demand?
 a. When buyers' tastes for a good increase, they buy more of the good.
 b. When the size of the consumer population rises, buyers purchase more of most goods.
  c. When the price of a good decreases, buyers purchase more of the good.
 d. Changes in preferences lead to changes in demand.

Question 2

Which of the following increases U.S. aggregate demand?
 a. a lower price level, increasing citizen's real wealth
 b. a lower price level, reducing interest rates
 c. a lower price level, increasing exports and decreasing imports
  d. an increase in Americans' expected future incomes



katkat_flores

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

c

Answer to Question 2

d



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Thyroid conditions may make getting pregnant impossible.

For a complete list of videos, visit our video library