• Card 60 / 104: The Law of Demand says that
    A) a lower price will tend to lead a consumer to buy either the same or a greater amount of the good or service.
    B) consumers want to buy more units of something than producers want to sell at a particular price.
    C) as the market price of a good or service rises, producers offer the same or a greater number of units.
    D) producers are trying to sell more units of a good or a service than consumers want to purchase at a particular price.

    Answer:
    A) a lower price will tend to lead a consumer to buy either the same or a greater amount of the good or service.

  • Keyboard Shortcuts

    Previous Card ← Previous Card Button
    Next Card → Next Card Button
    Flip Card Space-Bar
<< First < Previous Next > Last >>

Get Jobilize Job Search Mobile App in your pocket Now!

Get it on Google Play Download on the App Store Now
Hide Choices Interactive Question Test Home Page
https://www.jobilize.com/lessons-for-the-young-economist-by-dr-robert-murphy-mises

Lessons for the Young Economist MCQ

Access: Public Instant Grading

Attribution:  Dr. Robert P. Murphy, Lessons for the Young Economist. (Mises Institute), http://mises.org/document/6215/Lessons-for-the-Young-Economist (Accessed 04 April, 2014). License: Creative Commons BY
Flash Cards plugin by Curtis Blackwell github.com/curtisblackwell/flash_cards
Google Play and the Google Play logo are trademarks of Google Inc.
Ask
Marion Cabalfin
Start Quiz
Michael Sag
Start Exam
Nicole Bartels
Start Quiz
Jugnu Khan
Start Quiz
Copy and paste the following HTML code into your website or blog.
<iframe src="https://www.jobilize.com/embed/lessons-for-the-young-economist-by-dr-robert-murphy-mises" width="600" height="600" frameborder="0" marginwidth="0" marginheight="0" scrolling="yes" style="border:1px solid #CCC; border-width:1px 1px 0; margin-bottom:5px" allowfullscreen webkitallowfullscreen mozallowfullscreen> </iframe>