A movement downward along a given demand curve and along a given supply curve indicate

A. Increase in qty demanded & increase in qty supplied

B. Increase in qty demanded and decrease in qty supplied

C. Decrease in qty demanded & increase in qty supplied

D. Decrease in qty demanded & decrease in qty supplied

The private ownership of property resources and use of the market system to direct and coordinate economic activity is the characteristic of

A. Pure capitalism

B. The demand economy

C. Democratic socialism

D. Traditional economy

If the slope of the demand equation is -10

A. Quantity demanded increases bybteb for every one peso increase in price

B. Quantity demanded increses by one for every ten peso decrease in price

C. Price decreases by ten for every ten unit decrease in quantity demanded

D. Quantity demanded decreases by ten for every one peso increase in price

Given the demand equation: qd = 150 - P; which of the following is not true?

A. The slope is equal to one

B. If P=0, qty demanded is 150

C. The x-intercept is 150

D. The slope is zero