Suppose the Demand Curve for Good Z Is Downward Sloping

question 47

Essay

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

Current Liability

Short-term financial obligations that are due within one year or within a normal operating cycle.

Current Assets

Assets expected to be converted into cash, sold, or consumed within a year or within the operating cycle of a business.

Federal Unemployment Taxes

Taxes paid by employers to fund the federal government's oversight of the state unemployment insurance programs.

Gross Pay

The total earnings of an employee for a payroll period.