Author Question: If consumers were originally willing to buy 500 units of a good at a price of 20 are now willing to ... (Read 89 times)

Awilson837 · **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 · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

True

Answer to Question 2

b

Awilson837 · **Reply #2 on:** Jun 30, 2018

Thank you

Eazy416 · **Reply #3 on:** Jun 30, 2018

Happy to help you

Author Question: If consumers were originally willing to buy 500 units of a good at a price of 20 are now willing to ... (Read 89 times)

Awilson837

If consumers were originally willing to buy 500 units of a good at a price of 20 are now willing to ...

Eazy416

If consumers were originally willing to buy 500 units of a good at a price of 20 are now willing to ...

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Awilson837

If consumers were originally willing to buy 500 units of a good at a price of 20 are now willing to ...

Eazy416

If consumers were originally willing to buy 500 units of a good at a price of 20 are now willing to ...