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Author Question: If consumers were originally willing to buy 500 units of a good at a price of 20 are now willing to ... (Read 26 times)

Awilson837

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on: Jun 30, 2018
If consumers were originally willing to buy 500 units of a good at a price of 20 are now willing to buy 500 units of the same good at a price of 10, that change would be described as a decrease in demand.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following will decrease aggregate demand?
 a. exports rising faster than imports
 b. exports falling faster than imports
 c. exports rising the same amount as imports
  d. exports rising and imports falling


Eazy416

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

True

Answer to Question 2

b


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Awilson837

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Reply #2 on: Jun 30, 2018
Thank you :)


Eazy416

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Reply #3 on: Jun 30, 2018
Happy to help you


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