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If the price of a good rises; then: C} a. more sellers and more buyers will enter a market. C} tn. existing sellers will expand

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If the price of a good rises; then: C} a. more sellers and more buyers will enter a market. C} tn. existing sellers will expand but more sellers will not enter a market. C} c. more sellers will enter a market and existing sellers will expand. C} d. more sellers will enter a market but existing sellers will not expand. A 'change in quantity supplied' refers to: C} a. a change in the slope of the supply curve. C} b. a movement along a stationary supply curve. C} c. a shift of the entire supply cunre, either to the right or left. 0 d. a shift ofthe entire supply curve. either up or down. I|.|'|.|'hen the demand for a good increases, the demand cunre: C} a. becomes steeper. C} tn. shifts to the rig ht. C} c. shifts to the left. C} d. becomes flatter. A 'change in demand' refers to: C} a. a shift ofthe entire demand cunre, either to the right or left. C} b. a change in the curvature of a demand curve. C} c. a movement along a stationary demand curve. C} d. a change in the slope of the demand curve. An inferior good is a good that: C} a. you would buy more of ifyour income rose. C} tn. you would buy less of ifthe price of a substitute fell. C} c. you would buy more of if your income fell. C} d. you would bgy less of ifthe price of a complement fell.

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