Ask Question
BusinessBusiness
18 July, 15:15

A movement along the demand curve might be caused by a change in

+2
Answers (1)
  1. 18 July, 15:38
    0
    The correct answer is: price.

    Explanation:

    The demand law studies the relationship between the quantity demanded of a good or service and its price. That relationship is inversely proportional. It means if the quantity demanded increases the price will decrease. Besides, if the quantity demanded decreases the price will increase.

    Plotted in a graph, the demand curve will only respond to changes in price. The demand slope will move rightwards or leftwards according to the case.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A movement along the demand curve might be caused by a change in ...” 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
Fowler credit bank is offering 6.5 percent compounded daily on its savings accounts. you deposit $4,900 today. how much will you have in the account in 5 years?
Answers (2)
A deadweight loss is a consequence of a tax on a good because the tax a. induces the government to increase its expenditures. b. induces buyers to consume less, and sellers to produce less. c. increases the equilibrium price in the market. d.
Answers (1)
The other day, you had to remember some items for an important exam. you are sure you studied them and knew them before you entered the classroom. however, you drew a blank when you took the test.
Answers (1)
Investing in the same tqm initiative round after round will create
Answers (1)
To calculate the marginal utility of consuming the Nth product: a. divide total satisfaction from consuming all N products by N. b.
Answers (1)
New Questions in Business
On June 1, Davis Inc. issued an $84,000, 5%, 120-day note payable to Garcia Company. Assume that the fiscal year of Garcia ends June 30.
Answers (2)
You invest $50,000 now and receive $10,000 per year for 15 years starting at the end of the first year.
Answers (1)
A high school currently require students to purchase a parking pass in order to park in the parking lot, but for the coming year they are considering letting all students park for free.
Answers (2)
An oligopolistic market structure is distinguished by several characteristics, one of which is a difficult entry. Which of the following are other characteristics of this market structure? Check all that apply. a. Market control by many small firms.
Answers (1)
Who should you' alert that you are interviewing for jobs? A. Your references B. Other possible employers C. Your classmates D. Your present employer
Answers (1)
Home » Business » A movement along the demand curve might be caused by a change in
Sign Up Forgot Password?