An increase in demand means that: a. when the price falls, consumers are willing to purchase greater quantities of the good. b. consumers cause the price drop by buying greater quantities of the good. C. consumers are willing to purchase greater quantities of the good at any given price. d. when the price rises, consumers are willing to purchase greater quantities of the good.

suppose pizzas and burgers are substitutes. what will definitely happen if there is an increase in the price of pizza? a. demand for burgers will increase. b. supply of burgers will decrease. c. demand for burgers will decrease. d. supply of burgers will increase.

Ⓒ Macmillan Learning If the price of gasoline rises, what response do you expect in the market for SUVs? Shift the demand curve to show what happens in the market for SUVs when the price of gasoline rises. Price Market for SUVS Demand for SUVS Quantity of SUVS

1. Which of the following is NOT true of a demand curve? a. It has negative slope. b. It shows the amount consumers are willing and able to purchase at various prices, holding other factors constant. c. It relates the price of an item to the quantity demanded of that item. d. It shows how an increase in price leads to an increase in quantity demanded of a good.

The current price of cocktails increased.  As a result:   A. Demand for cocktails will increase   B. Demand for cocktails will decrease   C. None of the above

The law of demand implies, holding everything else constant, that as the price of pizza Select one: A. decreases, the demand for pizza will increase. B. decreases, the quantity of pizza demanded will decrease. C. decreases, the demand for pizza remains unchanged. D. increases, the demand for pizza will increase. E. increases, the quantity of pizza demanded will decrease.

Refer to the graph shown. If the price of shekels is $1.10, the quantity of shekels supplied is:   a. greater than the quantity demanded. This causes the shekel to lose value.   b. less than the quantity demanded. This causes the shekel to lose value.   c. greater than the quantity demanded. This causes the shekel to gain value.   d. less than the quantity demanded. This causes the shekel to gain value.