An increase in price will lead to a lower quantity demanded because().
A、suppliers will supply only the smaller amount
B、some individuals will no longer purchase the good
C、individuals purchase less of the good
D、a and b
E、b and c
A、suppliers will supply only the smaller amount
B、some individuals will no longer purchase the good
C、individuals purchase less of the good
D、a and b
E、b and c
A.raise price but leave quantity sold unchanged
B.raise price and increase quantity sold
C.lower price, since supply cannot increase except through the inducement of higher price
D.reduce quantity sold but leave price unchanged
A.percentage
B.percentile
C.percent
D.rate
A.increase the price of X; the effect upon the quantity exchanged is indeterminate
B.increase the price of X and to increase the quantity exchanged
C.decrease the price of X and to decrease the quantity exchanged
D.decrease the price of X; the effect upon quantity exchanged is indeterminate
A.the law of elastic supply
B.the law of elastic demand
C.consumers will bid up the price of oil
D.all of the above
E.none of the above
A.supply is perfectly price inelasti
B.demand is perfectly price elasti
C.it is followed by a reduction in quantity demande
D.demand is highly price inelasti
E.both demand and supply are highly price inelasti
F.F.
A.A gain account is credite
B.A loss is reporte
C.A revenue account is credite
D.Paid-in capital is increase
E.
A.the decrease in price shifts the supply curve downward
B.people feel a bit richer and increase their use of the good
C.demand has to rise to restore equilibrium after a price reduction
D.suppliers are willing to supply more at lower prices
A.Paid-in capital and/or retained earnings is reduce
B.Paid-in capital and/or retained earnings is increase
C.Retained earnings is always reduce
D.A loss is taken on the income statement.