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Author Question: According to the law of demand, if the price of movie rentals decreases, ceteris paribus,: a. the ... (Read 102 times)

misspop

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on: Jun 30, 2018
According to the law of demand, if the price of movie rentals decreases, ceteris paribus,:
 a. the demand for movie rentals would increase.
  b. the quantity demanded of movie rentals would decrease.
  c. the quantity demanded of movie rentals would increase.
  d. the demand for movie rentals would decrease.
  e. the quantity demanded of movie rentals would not change.

Question 2

The law of increasing opportunity costs implies that a society's production possibilities curve will be a straight line.
 a. True
  b. False
  Indicate whether the statement is true or false


Perkypinki

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

c

Answer to Question 2

False


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