Question: please answer this asap thanks demand is the relationship between...
Question details
Please answer this ASAP, Thanks: Demand is the relationship between price and the quantity demanded. Which of the following statements are true:
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A price change results in movement along the demand curve. |
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A change in the number of consumers can shift the market demand curve left or right. |
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A change in the price of a substitute will result in a change in the quantity demanded of the good in question, in the opposite direction of the price change. |
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All of the above statements are true. |
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Two of the above statements are true. |
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