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Picture Styles Ar 11. A demand curve illustrates the A) negative relationship between price and quantity demanded. B) tradeoff between inflation and unemployment c) maximum
Picture Styles Ar 11. A demand curve illustrates the A) negative relationship between price and quantity demanded. B) tradeoff between inflation and unemployment c) maximum quantity of two goods an economy is capable of producing with available resources and technolog D) positive relationship between price and quantity demanded CI 12. Refer to Figure above. The movement from D to Di is called a decrease in quantity demanded. C) an increase in quantity demanded. B) a decrease in demand. D) an increase in demand. A) 13. Refer to Figure above. The movement from D to Di could be caused by A) a decrease in the price of a complement. an increase in price. C) a decrease in the price of a substitute. D) an increase in technology. B) 14. If DVDs and DVD players are commonly used together. A decrease in the price of DVD players will result in: A) A decrease in demand for DVDs C). An increase in the demand for DVD players B) A decrease in the demand for DVD players D An increase in the demand for DVDs 15. Suppose Lauren, Leslie. Lydia all purchase bulletin boards for their rooms for $15 each Lauren's willingness to pay was $35. Leslie's willingness to pay was $25, and Lydia's willingness to pay was $30. Total consumer surplus for these three would be: A) $15 B) $25 C) $35 D) $45 ITED STATES)
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