Question and answer
For most goods, a rise in people’s income means that there will be A. a rise in prices B. a substitution effect. C. an increase in demand. D. a decrease in demand.
For most goods, a rise in people's income means that there will be an increase in demand.
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Asked 2/4/2016 6:54:25 AM
Updated 2/4/2016 8:20:08 AM
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For most goods, a rise in people's income means that there will be an increase in demand.
Added 2/4/2016 8:20:08 AM
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The desire, ability, and willingness to buy a product or service is called A. an incentive. B. demand. C. want. D. supply.
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Updated 2/4/2016 7:15:14 AM
1 Answer/Comment
The desire, ability, and willingness to buy a product or service is called demand.
Added 2/4/2016 7:15:14 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [2/4/2016 7:27:41 AM]
A demand curve illustrates A. the quantities demanded at each price by consumers. B. the differences in demand for different products. C. the differences in prices charged by different stores. D. ...
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Updated 2/4/2016 8:17:51 AM
1 Answer/Comment
A demand curve illustrates the quantities demanded at each price by consumers.
Added 2/4/2016 8:17:51 AM
This answer has been confirmed as correct and helpful.
A demand schedule is best described as __________. A. a graph. B. data. C. a time line. D. an incentive. User: When the price of something increases, the quantity demanded A. increases. B. decreases. C. reverses. D. remains unchanged.
Question
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Updated 253 days ago|3/12/2018 1:38:25 PM
2 Answers/Comments
A demand schedule is best described as a graph.
Added 253 days ago|3/12/2018 1:36:12 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [3/12/2018 2:34:46 PM]
When the price of something increases, the quantity demanded decreases.
Added 253 days ago|3/12/2018 1:38:25 PM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [3/12/2018 2:34:53 PM]
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