financial math help!
Use the above graph to answer the following question.
A move from point S to point U indicates
a decrease in demand.
a decrease in quantity demanded.
an increase in quantity demanded.
an increase in demand.
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OpenStudy (anonymous):
OpenStudy (anonymous):
an increase in quantity demanded
OpenStudy (amistre64):
moving along the same curve does not change demand, only amount
moving the curve itself changes demand
OpenStudy (amistre64):
since S and U are on the same curve .... its a change in amount. as Kate pointed out
OpenStudy (amistre64):
id disagree in the increase tho :)
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OpenStudy (amistre64):
Qty is the bottom .... and that is increased .... Kates good
OpenStudy (anonymous):
Yes, it is change only the quantity demanded and the price.
OpenStudy (anonymous):
mmm got it... so yeah.. increase in quantity demande :) thxsss :D
OpenStudy (anonymous):
you are welcome :)
OpenStudy (anonymous):
hey.. i got two more like this one.. wanna follow them to see if i got them right?
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OpenStudy (anonymous):
yeees :) I want to follow these :) I study economics and I think that I got them ;)