QUESTION 18 In a demand curve O a. quantity demanded is shown on Y-axis and price is shown on X axis. O b. price is shown on Y-axis and demand is shown on X-axis. O C. demand is shown on Y-axis and the price is shown on X-axis. O d. price is shown on Y-axis and quantity demanded is shown on X-axis.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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O b. supply is said to be inelastic.
OC. supply is said to be unit elastic.
O d. supply is said to be perfectly inelastic.
QUESTION 18
In a demand curve
O a. quantity demanded is shown on Y-axis and price is shown on X axis.
O b. price is shown on Y-axis and demand is shown on X-axis.
O C. demand is shown on Y-axis and the price is shown on X-axis.
o d. price is shown on Y-axis and quantity demanded is shown on X-axis.
QUESTION 19
Which of the following situations would cause the supply curve of bottled water to shift to the right?
O a. When the number of producers of bottled water increases.
O b. When the price of bottled water increases.
OC. When the price of soda, substitute good decreases.
O d. When the demand for bottled water increases.
QUESTION 20
-ar complenments Then an increase in the price
Transcribed Image Text:Completion Status: O b. supply is said to be inelastic. OC. supply is said to be unit elastic. O d. supply is said to be perfectly inelastic. QUESTION 18 In a demand curve O a. quantity demanded is shown on Y-axis and price is shown on X axis. O b. price is shown on Y-axis and demand is shown on X-axis. O C. demand is shown on Y-axis and the price is shown on X-axis. o d. price is shown on Y-axis and quantity demanded is shown on X-axis. QUESTION 19 Which of the following situations would cause the supply curve of bottled water to shift to the right? O a. When the number of producers of bottled water increases. O b. When the price of bottled water increases. OC. When the price of soda, substitute good decreases. O d. When the demand for bottled water increases. QUESTION 20 -ar complenments Then an increase in the price
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