Social Studies, 10.11.2020 17:20 Sauceyx7
13) Which of the following Illustrates the inverse relationship between price and quantity demanded of a particular good?
A)
As the price of the good decreases, the quantity of the good demanded
decreases
B)
As price of the good decreases, the quantity of the good demanded
increases
C)
If the price of the good remains stable, the quantity of the good demanded
will increase
D)
If the price of the good remains stable, the quantity of the good supplied
will decrease
14) A shoe company produces a very popular brand of sneakers. The company raised the price, but demand did not
decrease. What is the likely result?
A)
Supply of the sneakers will increase
B)
Demand for the sneakers will increase.
C)
The company will increase production of the sneakers.
D)
The company will decrease production of the sneakers.
Please help me with this
Answers: 3
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13) Which of the following Illustrates the inverse relationship between price and quantity demanded...
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