Question

According to the Law of Demand, the demand curve for a good will: A. slope upward. B. shift rightward when the price of the good increases. C. shift leftward when the price of the good increases. D. slope downward. A decrease in the price of a good will lead to: A. a leftward shift of the demand curve for that good. B. a movement down along the demand curve for that good. C. a movement up along the demand curve for that good. D. a rightward shift of the demand curve for that good. An increase in consumer's income will lead to: A. a movement upward along the demand curve for an inferior good. B. a leftward shift of the demand curve for a an inferior good. C. no change of the demand curve for an inferior good. D. a rightward shift of the supply curve for an inferior good.

          According to the Law of Demand, the demand curve for a good will:
A. slope upward.
B. shift rightward when the price of the good increases.
C. shift leftward when the price of the good increases.
D. slope downward.

A decrease in the price of a good will lead to:
A. a leftward shift of the demand curve for that good.
B. a movement down along the demand curve for that good.
C. a movement up along the demand curve for that good.
D. a rightward shift of the demand curve for that good.

An increase in consumer's income will lead to:
A. a movement upward along the demand curve for an inferior good.
B. a leftward shift of the demand curve for a an inferior good.
C. no change of the demand curve for an inferior good.
D. a rightward shift of the supply curve for an inferior good.

According to the Law of Demand, the demand curve for a good will:
A. slope upward.
B. shift rightward when the price of the good increases.
C. shift leftward when the price of the good increases.
D. slope downward.

A decrease in the price of a good will lead to:
A. a leftward shift of the demand curve for that good.
B. a movement down along the demand curve for that good.
C. a movement up along the demand curve for that good.
D. a rightward shift of the demand curve for that good.

An increase in consumer's income will lead to:
A. a movement upward along the demand curve for an inferior good.
B. a leftward shift of the demand curve for a an inferior good.
C. no change of the demand curve for an inferior good.
D. a rightward shift of the supply curve for an inferior good.

Added by Allie M.

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