Chapter 3
an increase in the quantity demanded
A decrease is the price of a good will result in:
when income , the demand decreases
A good is inferior if:
when income increases, the demand increases
A good is normal if:
demand
A negative relationship between the quantity demanded and price is called the law of:
demand; increased
Over the past several years, consumer tastes for tattoos have increased. This means that the ________ for tattoos has ______.
a decrease in buyers' income
The demand curve for videos has shifted to the right. What could have caused this?
a decrease in the price of good X
Which of the following will not cause an increase in demand for good X?
a decrease in buyers' income
A newspaper story recently reported that the price of new cars has decreased, and the quantity of new cars sold has dropped. The price and quantity changes were probably caused by"
an increase in the purchases of personal computers results from lower prices
The law of demand is illustrated when:
a change in quantity demanded is a movement along the demand curve and a change in demand is a shift in the demand curve
The primary difference between a change in demand and a change in the quantity demanded is:
