Question
Which one of the following statements is correct? A. A rise in price of good will cause the supply curve of that good to shift
Which one of the following statements is correct?
A. A rise in price of good will cause the supply curve of that good to shift to the right
B. A fall in the price of a good will result in a straight forward shift of the demand curve, Cerberus paribus
C. A quantity demanded of a good depends on the availability of the good
D. Demand is a synonym for wants.in other words, if the consumer demands a good it simply means he wants that good
E. A decrease in the prices of the factors of production used to produce a certain product will give rise to an increase in the supply of the product
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