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Author Question: Which of these statements best represents the law of demand? a. When buyers' tastes for a good ... (Read 73 times)

azncindy619

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  • Posts: 562
on: Jun 30, 2018
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

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

c

Answer to Question 2

d


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