The company was delighted____the public demand their product
举一反三
- A decrease in income should: A: Shift demand for an inferior product inwards B: Shift demand for an inferior product outwards C: Shift supply for an inferior product outwards D: Shift supply for an inferior product inwards
- The demand for a product of a monopolistically competitive firm is:
- The law of demand states that the quantity demanded of a product increases as:
- If a product is a normal good: A: Demand is inversely related to income B: Demand is inversely related to price C: Demand is directly related to price D: Demand is inversely related to the price of substitutes
- Generally, price and demand is ____ related which means that the increase in the price would lead to the decrease in the demand for that product and vice versa.