Which Statement Corresponds to the Characteristics of a Demand Curve

question 163

Multiple Choice

Which statement corresponds to the characteristics of a demand curve?  

• A) Since most college students want a Mercedes sports coupe, their demand for it is high. 
• B) If price increases, the demand curve shifts to the right. 
• C) The demand curve for bacon will NOT shift when the price of bacon changes. 
• D) If a supply curve shifts, thereby changing the price, the demand curve will shift as well.

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Definitions:

Discourage

To dissuade or attempt to dissuade someone from doing something by instilling doubt or fear.

Networking

The activity of interacting with others to exchange information and develop professional or social contacts.

Peers

Individuals or entities that are at a similar level or position, often used in reference to colleagues or companies in the same industry.

Social Networking Sites

Online platforms that enable users to create a public profile, connect with friends, and share content or communication with a broader community.