BUS 111
State University Of New York - Stony Brook
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BUS 111-Ch03 Demand and Supply.Multiple Choice Questions
- Exam (elaborations) • 13 pages • 2021
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BUS 111-Ch03 Demand and Supply. Multiple Choice Questions
1. The downward slope of the demand curve again illustrates the pattern that as
_____________ rises, _________________ decreases.
A. quantity demanded, price
B. quantity supplied, quantity demanded
C. price, quantity demanded
D. price, quantity supplied
Answer: C Reference:
Explanation:
2. The nature of demand indicates that as the price of a good increases:
A. suppliers wish to sell less of it.
B. more of it is produced.
C....
Exam (elaborations)
BUS 111-Ch03 Demand and Supply.Multiple Choice Questions
Last document update:
ago
BUS 111-Ch03 Demand and Supply. Multiple Choice Questions 1. The downward slope of the demand curve again illustrates the pattern that as _____________ rises, _________________ decreases. A. quantity demanded, price B. quantity supplied, quantity demanded C. price, quantity demanded D. price, quantity supplied Answer: C Reference: Explanation: 2. The nature of demand indicates that as the price of a good increases: A. suppliers wish to sell less of it. B. more of it is produced. C....
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