An increase in price all other things unchanged leads to ?

Related Mcqs:

If the quantity demanded of beef increases by 5% when the price of chicken increase by 20% the cross-price elasticity of demand between beef and chicken is ?

A. -4 B. 0.25 C. 4 D. -0.25...

An increase in aggregate demand will have most effect on prices if ?

A. Aggregate supply is price inelastic B. Aggregate supply is price elastic C. Aggregate supply has a unitary price elasticity D. Aggregate demand is price inelastic...

If both marginal cost and marginal revenue increase, a firm ?

A. Should increase output B. Should reduce output C. will require further information on how to respond D. Should not change output...

If a product is an inferior good ?

A. Demand is inversely related to income B. Demand in inversely related to price C. Demand is directly related to price D. Demand is inversely related to the price of substitutes...

If your income doubles and the prices of the goods you buy double then your demand for these goods will likely?

A. increase B. not change C. decrease D. shift...