Principles of Macroeconomics Study Set 7
Quiz 2: Demand and Supply: an Introduction
A Decrease in the Demand for a Product Will Lead
A decrease in the demand for a product will lead to a decrease in both the price and the quantity traded.
Explore answers and all related questions
An increase in business taxes causes the supply curve to shift left.
A decrease in supply causes the price to fall and the quantity traded to increase.
Briefly explain the five determinants of market demand.
Explore all questions
How it work
Terms And Conditions
© 2020 QuizPlus. All Right Reserved