Which of the Following Statements About Demand Is True

question 140

Multiple Choice

Which of the following statements about demand is true?

• 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.
• E)If a demand curve shifts, the supply curve will shift as well, whether or not the price changes.

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Definitions:

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