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. A decrease in the price of soda causes an increase in the quantity demanded of soda C. A decrease in the price of gas causes an increase in the quantity supplied of gas. D. none of the above
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. A decrease in the price of soda causes an increase in the quantity demanded of soda C. A decrease in the price of gas causes an increase in the quantity supplied of gas. D. none of the above
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
Section: Chapter Questions
Problem 2CQQ
Related questions
Question
Which of the following is consistent with the
A. |
A decrease in the
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B. |
A decrease in the price of soda causes an increase in the quantity demanded of soda
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C. |
A decrease in the price of gas causes an increase in the quantity supplied of gas.
|
|
D. |
none of the above |
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