Suppose That the Demand Curve for Good Z Is Downward

question 211

Multiple Choice

Suppose that the demand curve for good Z is downward sloping.If the price of good Z decreases because of a shift in supply,this will cause:

• A)an increase in the demand for good Z.
• B)a movement along the demand curve of good Z.
• C)no effect on the quantity demanded of good Z.
• D)fewer people to purchase good Z.

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Definitions:

Democrats

A member or supporter of the Democratic Party, one of the two major political parties in the United States.

Level of Significance

A threshold for determining the statistical significance of an observed effect, indicating the probability of the result occurring by chance.

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