Author Question: The change in quantity demanded derived from a change in price is a. the movement along a demand ... (Read 70 times)

deesands · **on:** Jul 1, 2018

The change in quantity demanded derived from a change in price is
a. the movement along a demand curve
b. the movement along a supply curve
c. a shift in the demand curve
d. a shift in the supply curve

Question 2

Four possibilities have probabilities 0.4, 0.2, 0.2 and 0.2 and values 80, 30, 0, and -80 respectively. The expected value is:
a. 22
b. 24
c. 26
d. 28