When the price of a good rises, what happens to the quantity demanded, all else being equal? A) It rises B) It falls C) It remains unchanged D) It fluctuates randomly

What is the "quantity demanded"? A) the maximum amount of a good that can be consumed during a specific time period B) the amount of a good people are able and willing to buy during a specific time period and at a given price C) the amount of a good people desire D) the amount of a good people are able and willing to buy at all possible prices

Two goods are substitutes if a decrease in the price of one good. This will lead to: Select one: a. reduces the quantity demanded of the other good b. increases the demand for the other good. c. increases the quantity demanded of the other good d. reduces the demand for the other good

What is one consumer food or service for which in the last 10 to 15 years consumers preference has actually increased, and still, the price has decreased. Based on all the supply and demand determinants, what is a possible reason that could cause the decrease in the price of the suggested good.

Which one of the following statements is correct?A. A rise in the price of a good will cause the supply curve of that good to shift to the right (ie the supply of the good will increase).B. A fall in the price of a good will result in a rightward shift of the demand curve, ceteris paribus (ie the demand for the product will increase).C. The quantity demanded of a good depends on the availability of the good.D. Demand is a synonym for wants. In other words, if a consumer demands a good it simply means that he or she wants the good.E. A decrease in the prices of the factors of production used to produce a certain product will give rise to an increase in the supply of the product (illustrated by a rightward shift of the supply curve).

The price of salsa rises. How does the increase in the price of salsa affect the supply of salsa? A) The supply of salsa decreases. B) There is no change to the supply of salsa, but the quantity of salsa supplied increases. C) There is no change to either the supply of salsa or the quantity of salsa supplied. D) There is no change to the supply of salsa, but the quantity of salsa supplied decreases. E) The supply of salsa increases.

when the price of a good decreases, what happens to the market?  D & Q demanded both increase  D    Decreases  D    Increase  D & Q demanded both decrease  Q Demanded increases

This graph illustrates the demand for a normal good. A movement from A to C on the graph presented can be caused by: • a) a price decrease. • b) a decrease in income. • c) a price increase. • d) an increase in income.

Which of the following is consistent with the law of demand?A) A decrease in the price of a gallon of milk causes a decrease in the quantity of milk demanded.B) An increase in the price of a soda causes a decrease in the quantity of soda demanded.C) An increase in the price of a tape causes an increase in the quantity of tapes demanded.D) A decrease in the price of juice causes no change in the quantity of juice demanded.

A change of which of the following will not directly shift the demand curve for Regular Coke?   Question 1 options:   The price of regular Coke   The price of diet Pepsi   The price of diet Coke   The income of the consumer