1-With reference to the difference between a change in demand and a change in quantity demanded, which of the following is TRUE?
1-With reference to the difference between a change in demand and a change in quantity demanded, which of the following is TRUE?
If a good’s price goes down, then quantity demanded will increase.
If a good’s price goes down, then demand for the good will decrease.
If price rises and quantity demanded decreases, then the demand curve will shift to the left.
If demand increases, then the demand curve will shift to the left.
2-There is an increase in the demand for cream when the price of coffee falls. Other things constant, we can conclude that coffee and cream are
complementary goods.
inferior goods.
substitute goods.
independent goods.
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