The Nature of Demand Indicates That as the Price of a Good

question 32

Multiple Choice

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) more of it is desired.
• D) buyers desire to purchase less of it.

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Definitions:

Estimates

Approximations or educated guesses used in accounting and finance to project future values or record uncertain current values.