When an economist says that the demand for a product has increased, this means that: - 6848

Solution Posted by
UoPExpert

UoPExpert

Rating : (2)F
Solution Detail
Price: $1.30
  • From: ,
  • Posted on: Fri 06 Apr, 2012
  • Request id: None
  • Purchased: 0 time(s)
  • Average Rating: No rating
Request Description

When an economist says that the demand for a product has increased, this means that:

A.  firms make less of the product available for sale.

B.  quantity demanded is greater at each possible price.

C.  the demand curve becomes steeper.

D.  consumers respond to a lower price by buying more.

Solution Description

When an economist says that the demand for a product has increased, this means that: