Microeconomics: Supply, Demand, and Price Review Questions with complete Solutions Graded A+
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Module
Microeconomics
Institution
Microeconomics
Microeconomics: Supply, Demand, and Price Review Questions with complete Solutions Graded A+
A factor that most influences changes in consumer demand is
quantity.
price.
quality.
competition. - Answers b. price.
The graph shows a demand curve.
What changes does the graph show?
an inc...
Which most likely accounts for the changes shown on the demand curve?
More consumers want a product.
Fewer consumers want a product.
The price of a product rises a little.
The price of a product rises sharply.
Submitted - Answers a. More consumers want a product.
Consumers create demand for
goods and services.
sales and low prices.
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