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If prices rise but income stays the same, what is the effect on the quantity demanded? A. Quantity demanded increases. B. Fewer goods are bought. C. More goods are bought. D. Demand stays the same.
Weegy: B. Fewer goods are bought. User: Which of the following is an example of government influence on supply? A. law of supply B. subsidies C. marginal costs D. market supply curve (More)
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Asked 6/18/2012 11:24:52 PM
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A music store holds a half-price sale on all CDs. During the sale, people buy more CDs than usual. What does this event show? A. inelasticity of demand B. the substitution effect C. the law of demand D. the income effect
Weegy: C. the law of demand User: Due to an increase in her rent, Isa needs to cut back her spending on other items. Which of the following types of goods will Isa consume less of? A. substitutes B. normal goods C. inferior goods D. complements Weegy: D. complements User: Which of these products or services is likely to have an inelastic supply in the short run? A. cargo ships B. haircuts C. newspapers D. staples ... (More)
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Asked 6/18/2012 11:41:38 PM
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