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Author Question: Which of the following is least likely to increase the demand for new tires? a. a decrease in the ... (Read 41 times)

ss2343

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on: Jun 30, 2018
Which of the following is least likely to increase the demand for new tires?
 a. a decrease in the price of tires
  b. a decrease in the price of cars
  c. an increase in consumer income
  d. an increase in the number of miles people drive per year

Question 2

When economists say the quantity demanded of a product has increased, they mean the:
 a. demand curve has shifted to the left.
  b. demand curve has shifted to the right.
  c. price of the product has fallen, and consequently, consumers are buying more of it.
  d. price of the product has risen, and consequently, consumers are buying less of it.


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amanda_14

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

a

Answer to Question 2

c


ss2343

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

bitingbit

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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