subject
Mathematics, 20.05.2020 18:59 sara12340

The price of producing a $4 chocolate bar goes up, so the seller of the chocolate bar raises the price to $5. A student describes the effect on the demand for the chocolate, saying, "Since the price goes up, the quantity demanded will go up." Evaluate the student's answer.

Select the best answer from the choices provided.
A.
The answer is correct because the student describes the effects of the law of supply correctly.
B.
The answer is incorrect because the quantity demanded would go down.
C.
The answer is correct because the student describes the effects of the law of demand correctly.
D.
The answer is incorrect because the student does not mention supply.

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 17:00
You have a 32-foot fence around a square garden. there are 4 equal sections. you paint 13 of one section of the fence. what fraction of the fence did you paint? you have a 32-foot fence around a square garden. there are 4 equal sections. you paint 13 of one section of the fence. what fraction of the fence did you paint?
Answers: 2
question
Mathematics, 21.06.2019 23:00
What unit of been sure would be appropriate for the volume of a sphere with a radius of 2 meters
Answers: 2
question
Mathematics, 21.06.2019 23:30
Graham’s monthly bank statement showed the following deposits and withdrawals. -$25.20, $42.75, -$22.04, -$18.50, $74.11. part a if grahams baldness in the account was $37.86 at the beginning of the month,! 27/4! 2// the account balance at the end of the month? ? plz i will give you 100 points
Answers: 1
question
Mathematics, 21.06.2019 23:40
Which set of side lengths form a right side? a) 3ft,6ft,5ft b)50 in,48in,14in c)53m,48m,24m d)8cm,17cm,14cm
Answers: 2
You know the right answer?
The price of producing a $4 chocolate bar goes up, so the seller of the chocolate bar raises the pri...
Questions
question
Mathematics, 29.03.2021 20:10
question
Biology, 29.03.2021 20:10