A change in which factor would shift the supply curve? Select one: a. production technology b. the demand for the product O Oc. the price of the good being sold d. the willingness of consumers to pay

Answer the two questions relating to demand and the law of demand. a. Which can cause a shift in the demand curve? A change in Which of the choices illustrates the law of demand?

25.  According to the following points on a demand curve, which would be the ideal price for a company to sell its product to get the maximum amount of revenue or total income before substituting cost? A. At $75, the quantity demanded per month is five. B. At $50, the quantity demanded per month is 10. C. At $100, the quantity demanded per month is two. D. At $25, the quantity demanded per month is 12.

The demand for a good will be less price elastic, Select one: a. The larger is the percentage of income spent on it b. The higher is its price c. The smaller the supply of the good d. The fewer the substitutes available for the good e. The fewer there are complements for the good