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A demand curve shows how quantity demanded changes as the price changes

A demand curve shows how quantity demanded changes as the price changes
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Solution Guide / Answer Key:

ECONOMICS

Multiple Choice

           A demand curve shows how quantity demanded changes as the price changes. It implies that

a.

only a change in price can shift a demand curve

b.

everything else that affects demand is assumed to be constant

c.

quantity demanded is unrelated to price

d.

economists are concerned only with money

e.

it is impossible to show how anything but price affects demand

 

           FILE: MS WORD

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