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Author Question: A decrease in demand for a good could mean that a. consumers are willing to pay a higher price for ... (Read 93 times)

geodog55

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on: Jul 1, 2018
A decrease in demand for a good could mean that
 a. consumers are willing to pay a higher price for each quantity of the good
  b. consumers are willing to buy larger quantities of the good at each price
  c. the demand curve has undergone a parallel shift to the right
  d. the demand curve has undergone a nonparallel shift to the right
  e. the demand curve has shifted to the left

Question 2

If we say that demand has increased, we mean that there has been
 a. a leftward movement along the demand curve
  b. a rightward movement along the demand curve
  c. a leftward shift of the demand curve
  d. a rightward shift of the demand curve
  e. an increase in the slope of the demand curve


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janieazgirl

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Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

D


geodog55

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

carlsona147

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

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