Does the law of demand apply to when the demand curve shifts left or right? Or...
Does the law of demand apply to when the demand curve shifts left or right? Or only when there is movement along the curve upward and downward? Explain.
Homework Answers
The law of demand states that the demand for the goods in the market decreases when the price of the goods are increase other things in the market are held constant like the income of the people, taste, price of the complement or substitute etc.
the law of demand causes a movement along the demand curve here the price increase or decrease and only the quantity of the goods in the market changes.
If there are other factors other than price then only the demand curve will shift so its the movement along the demand curve that represents the law of demand.
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Does the law of demand apply to when the demand curve shifts
left or right? Or...
A decrease in demand occurs when O A. the demand curve shifts left because the price of the product changed. O B. there...
A decrease in demand occurs when O A. the demand curve shifts left because the price of the product changed. O B. there is a movement down along the demand curve which will occur when the price of the product increases O C. the demand curve shifts left because a variable other than the price of the product changed O D. there is a movement down along the demand curve which will occur when a variable other than the price...
38.39,40 Question 38 (2 points) When potential GDP increases. 1) the AS curve shifts rightward. 2)...
38.39,40
Question 38 (2 points) When potential GDP increases. 1) the AS curve shifts rightward. 2) there is a movement up along the AS curve. 3) the AS curve shifts leftward. 0 4) there is a movement down along the AS curve. Question 39 (2 points) Which of the following produces a movement along the aggregate demand curve? 1) a change in foreign incomes 2) a change in the price level 3) a change in monetary policy 4) a change...
When the price level falls, aggregate demand ______. decreases and the AD curve shifts leftward does...
When the price level falls, aggregate demand ______. decreases and the AD curve shifts leftward does not change, but the quantity of real GDP demanded decreases and a movement up along the AD curve occurs does not change, but the quantity of real GDP demanded increases and a movement down along the AD curve occurs increases and the AD curve shifts rightward When Europe trades with Mexico and goes into a recession, ______.
Suppose that consumer expectations about the future improve. How will this affect the aggregate demand curve?...
Suppose that consumer expectations about the future improve. How will this affect the aggregate demand curve? A. There will be a movement upward along the fixed aggregate demand curve. B. The aggregate demand curve will shift to the right. C. The aggregate demand curve will shift to the left. D. There will be a movement downward along the fixed aggregate demand curve.
21. If the supply curve shifts to the right and the demand curve shifts to the...
21. If the supply curve shifts to the right and the demand curve shifts to the left which factor causes those shifts? A. Decrease in expected inflation B. Increase in expected inflation C. Business cycle boom D. Business cycle recession
If advertising is successful, Multiple Choice The demand curve shifts to the left The demand becomes...
If advertising is successful, Multiple Choice The demand curve shifts to the left The demand becomes more elastic The demand curve shifts to the left, and demand becomes more price-elastic The demand curve shifts to the right and becomes steeper
. When the supply curve shifts out to the right) and the demand curve shifts out...
. When the supply curve shifts out to the right) and the demand curve shifts out to the right), the equilibrium price will: increase. remain unchanged decrease. be indeterminate. Which enterprise is NOT an example of a market? a neighborhood lemonade stand the New York Stock Exchange painting one's house ticket scalping
Question 6 When the demand curve shifts to the left, there is a decrease in demand....
Question 6 When the demand curve shifts to the left, there is a decrease in demand. True False
Please answer D Question 8 2.6 pts Consider the demand curve below. If the price of...
Please answer
D Question 8 2.6 pts Consider the demand curve below. If the price of the good were to decrease, holding other determining factors constant, we would expect a movement along the demand curve, downward and to the right a movement along the demand curve, upward and to the left a leftward shift in the demand curve a rightward shift in the demand curve. a rotation of the demand curve around the original price, quantity point on it.
4. Suppose that the demand curve shifts to the right and the supply curve shifts to...
4. Suppose that the demand curve shifts to the right and the supply curve shifts to the left simultaneously (i.e., both shift at the same time). For each part, draw a single demand and supply graph (i.e., one graph for part a, another graph for part b). (You can practice with the other possibilities on your own if you want more practice with simultaneous shifts.) a. If the demand curve shifts by a greater amount than the supply curve, how...
A decrease in demand occurs when O A. the demand curve shifts left because the price of the product changed. O B. there is a movement down along the demand curve which will occur when the price of the product increases O C. the demand curve shifts left because a variable other than the price of the product changed O D. there is a movement down along the demand curve which will occur when a variable other than the price...
38.39,40
Question 38 (2 points) When potential GDP increases. 1) the AS curve shifts rightward. 2) there is a movement up along the AS curve. 3) the AS curve shifts leftward. 0 4) there is a movement down along the AS curve. Question 39 (2 points) Which of the following produces a movement along the aggregate demand curve? 1) a change in foreign incomes 2) a change in the price level 3) a change in monetary policy 4) a change...
Suppose that consumer expectations about the future improve. How will this affect the aggregate demand curve? A. There will be a movement upward along the fixed aggregate demand curve. B. The aggregate demand curve will shift to the right. C. The aggregate demand curve will shift to the left. D. There will be a movement downward along the fixed aggregate demand curve.
21. If the supply curve shifts to the right and the demand curve shifts to the left which factor causes those shifts? A. Decrease in expected inflation B. Increase in expected inflation C. Business cycle boom D. Business cycle recession
If advertising is successful, Multiple Choice The demand curve shifts to the left The demand becomes more elastic The demand curve shifts to the left, and demand becomes more price-elastic The demand curve shifts to the right and becomes steeper
. When the supply curve shifts out to the right) and the demand curve shifts out to the right), the equilibrium price will: increase. remain unchanged decrease. be indeterminate. Which enterprise is NOT an example of a market? a neighborhood lemonade stand the New York Stock Exchange painting one's house ticket scalping
Question 6 When the demand curve shifts to the left, there is a decrease in demand. True False
Please answer
D Question 8 2.6 pts Consider the demand curve below. If the price of the good were to decrease, holding other determining factors constant, we would expect a movement along the demand curve, downward and to the right a movement along the demand curve, upward and to the left a leftward shift in the demand curve a rightward shift in the demand curve. a rotation of the demand curve around the original price, quantity point on it.
4. Suppose that the demand curve shifts to the right and the supply curve shifts to the left simultaneously (i.e., both shift at the same time). For each part, draw a single demand and supply graph (i.e., one graph for part a, another graph for part b). (You can practice with the other possibilities on your own if you want more practice with simultaneous shifts.) a. If the demand curve shifts by a greater amount than the supply curve, how...
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