Question 1: The law of demand states that, other things being constant:
A- as the price increases, the quantity demanded will increase.
B- as the price increases, the demand curve will shift to the left.
C- as the price increases, the demand curve will shift to the right.
D- as the price increases, the quantity demanded will decrease.
Question 2: Which of the following causes a movement along the demand curve?
A- Change in the prices of related goods
B- Change in the price of the good
C- Change in the population
D- Change in demand
E- a, c, and d are all correct