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Chapter 3 Practice Quiz Tutorial Market Demand

2. 1. If the demand curve for good X is downward-sloping, an increase in the price will result ina. an increase in the demand for good X.b. a decrease in the demand for good X.c. no change in the quantity demanded for good X.d. a larger quantity demanded for good X.e. a smaller quantity demanded for good X..

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Chapter 3 Practice Quiz Tutorial Market Demand

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    1. 1 Chapter 3 Practice Quiz Tutorial Market Demand / Supply

    2. 2 1. If the demand curve for good X is downward-sloping, an increase in the price will result in a. an increase in the demand for good X. b. a decrease in the demand for good X. c. no change in the quantity demanded for good X. d. a larger quantity demanded for good X. e. a smaller quantity demanded for good X.

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    4. 4 3. Which of the following is the result of a decrease in the price tea, other things being equal? a. A leftward shift in the demand curve for tea. b. A downward movement along the demand curve for tea. c. A rightward shift in the demand curve for tea. d. An upward movement along the demand curve for tea.

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    6. 6 A. With a decrease in the price of pork people will want to buy more pork; because beef and pork are substitutes, they will buy less at possible prices for beef.

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