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true or false ? a supply curve shows price and quantity in a table
true
Expert answered|yesmoney|Points 3140|
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Asked 10/11/2011 11:27:53 PM
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what causes a change in the demand curve of a shift in demand ? (A)a decrease in price (b)An increase in price (C)a change in an area other than price (D)a change in price and availability
Weegy: C) a change in an area other than the price The demand curve plots quantities demanded at every relevant price range; since different prices are already plotted on the demand curve, [ a change in price will not shift the demand curve. A change in any other factor of demand would shift the demand curve, because that factor is not already plotted on the given demand curve. ] (More)
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Asked 10/11/2011 10:32:25 PM
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what effect does the availability of many goods substitutes have on the elasticity of demand for a good ? (A)demand is elastic (B)demand is inelastic (C)demand is unitary elastic (D)Demand is not effected
Weegy: The answer would be (A)demand is elastic (More)
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Asked 10/11/2011 10:46:09 PM
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