The Quantity Demanded of a Product Increases as Its Price

question 173

Multiple Choice

The quantity demanded of a product increases as its price declines because the:

• A) lower price shifts the demand curve rightward.
• B) lower price shifts the demand curve leftward.
• C) lower price results in an increase in supply.
• D) demand curve is downsloping.

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Definitions:

Recruitment

The process of attracting, screening, and selecting qualified candidates for a job.