Q19 If a demand curve shifts, we know thatO the price of the good itself is not a factor.the price of the good itself is a factor.O the price of the good and supply are the major factors.O none of these.

As per the law of demand, price has an indirect relationship with quantity demanded.

Answered: O the price of the good itself is not a…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter6: Consumer Choices

Section: Chapter Questions

Problem 11RQ: As a general rule, is it safe to assume that a change in the price of a good will always have its...

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Similar questions

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O the price of the good itself is not a factor. O the price of the good itself is a factor. O the price of the good and supply are the major factors. O none of these.