Ask Question
BusinessBusiness
31 December, 13:12

How would you expect an increase in the price of a good to

affect its demand curve?

+4
Answers (1)
  1. 31 December, 13:32
    0
    Answer: It will cause the demand curve to move inwards to the left

    Explanation:

    An increase in the price of a good will cause a decrease in the quantity demanded. This is in line with the law of demand that states that the higher the price the lower the quantity of goods that will be demanded.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “How would you expect an increase in the price of a good to affect its demand curve? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What is sales account?
Answers (1)
A favorable variance indicates that:a. budgeted costs are less than actual costsb. actual revenues exceed budgeted revenues. c. the actual amount decreased operating income relative to the budgeted amount. d. All of these answers are correct.
Answers (1)
Suppose that the local sales tax rate is 3 % and you purchase a car for $ 13 comma 800. a. how much tax is paid? b. what is the car's total cost?
Answers (1)
The U. S. fiduciary monetary system: a. is one where money is not convertible to a valuable commodity such as gold. b. is the one agency responsible for providing coins and paper currency. c. controls the private banking system. d.
Answers (1)
Some of the most effective government policies are those which: A. Require people/companies to act in a certain way. B. Provide incentives to people/companies to change their behavior. C.
Answers (2)
New Questions in Business
Why are imports considered as a leakage factor? A. Imports do not generate domestic income. B. Domestic industry loses ground as imports increase. C. Imports are taxed heavily, which is a secondary leakage factor. D.
Answers (1)
The primary way to determine whether an idea constitutes "common knowledge" is: whether there is an expectation that the readers and the author would be very familiar with the material. whether the material appears in an encyclopedia.
Answers (1)
Dave has arranged a catered lunch for his team members to celebrate the completion of their work so they can see one another for a final time before being assigned to new teams. Dave's team is now in which stage of team development?
Answers (1)
Contributions to a Coverdell Education Savings Account must cease when the beneficiary reaches the age of: A 16 B 18 C 21 D 30
Answers (1)
How do i know what business i am suited for
Answers (1)
Home » Business » How would you expect an increase in the price of a good to affect its demand curve?
Sign Up Forgot Password?