Which of the Following Is Not True Regarding a Change

question 224

Multiple Choice

Which of the following is not true regarding a change in quantity demanded?

• A)A change in quantity demanded is shown by a movement along a given demand curve.
• B)The demand curve shifts whenever the quantity demanded changes.
• C)A change in the price of a good, other things constant, will lead to a change in quantity demanded.
• D)The lower the price of a product, other things constant, the higher the quantity demanded.
• E)A shift of the supply curve might cause a change in quantity demanded.

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Definitions:

Fair Market Value

The price that property would sell for on the open market, reflecting the amount a willing buyer would pay a willing seller when neither is under pressure to buy or sell.

Consideration

In contract law, the value (such as money, an act, or a promise) that is exchanged between parties and is essential for a valid contract.

Selling Drugs

The act of illegally distributing or dispensing controlled substances or prescription medications.

Statutes of Limitation

Regulations specifying the outer limit for initiating legal actions after an incident has occurred.