
ECON 101 ECON101 Week 2 Quiz with Answers (American Public University)
ECON 101 ECON/101 ECON101 Week 2 Quiz (APUS)
- A shift of a demand curve to the right, all other things unchanged, will:
- If the current price is above the equilibrium price, we would expect:
- Demand is defined as:
- The primary difference between a change in demand and a change in the quantity demanded is:
- A negative relationship between the quantity demanded and price is called the law of ______.
- The relationship between the quantity of a good or service sellers are willing and able to offer for sale and the independent variables that determine quantity is:
- A price below the equilibrium price will:
- It is true that the equilibrium quantity will always go up if supply:
- The intersection of the supply and demand curves indicates:
- A decrease in supply means: