Question 1
Using the above graph, which of the following statements is FALSE relating to the Law of Demand?
Question 2
During the 18th Century, as troubles with Britain escalated, American colonists stopped drinking British tea, and instead started drinking coffee.
This is an example of which factor of demand?
Question 3
Why does a supply curve slope upward?
Question 4
Which of the following causes a shift in supply to the left?