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Author Question: The demand curve for spinach shows the quantity demanded of spinach a. only at the equilibrium ... (Read 420 times)

dollx

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on: Jul 1, 2018
The demand curve for spinach shows the quantity demanded of spinach
 a. only at the equilibrium price of spinach
  b. at each possible price of spinach
  c. as income increases
  d. as income decreases
  e. at each possible price of a substitute good

Question 2

Which of the following statements about demand is true?
 a. Since most college students want a Mercedes sports coupe, their demand for it is high.
  b. If price increases, the demand curve shifts to the right.
  c. The demand curve for bacon will not shift when the price of bacon changes.
  d. If a supply curve shifts, thereby changing the price, the demand curve will shift as well.
  e. If a demand curve shifts, the supply curve will shift as well, whether or not the price changes.


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ryhom

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

B

Answer to Question 2

C


dollx

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

recede

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  • Posts: 315
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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