When the Price of Peaches Changes,the Demand Curve for Peaches

question 74

Multiple Choice

When the price of peaches changes,the demand curve for peaches

• A)shifts because the price of peaches is measured on the vertical axis of the graph.
• B)shifts because the quantity demanded of peaches is measured on the horizontal axis of the graph.
• C)does not shift because the price of peaches is measured on the vertical axis of the graph.
• D)does not shift because the price of peaches is measured on the horizontal axis of the graph.

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Definitions:

Business Assets

Resources owned by a business that have economic value and can contribute to the company's future income, including both tangible and intangible items.

Payable In Installments

An agreement or obligation that allows payment to be made in parts or increments over a specified period, instead of a lump sum.

Corporate Stocks

Shares representing ownership in a corporation, providing shareholders with a claim on part of the company's assets and profits.

Article 2

Typically refers to a portion of the Uniform Commercial Code that governs the sale of goods in the United States.