中国大学MOOC: An increase in demand will lead to:
举一反三
- An increase in demand for a good will lead to a larger increase in price if the supply is relatively elastic.
- Generally, price and demand is ____ related which means that the increase in the price would lead to the decrease in the demand for that product and vice versa.
- 中国大学MOOC: If the demand for labor in a particular industry increases, the equilibrium wage in that industry will also increase
- Generally, price and demand is _______ related which means that the increase in the price would lead to the decrease in the demand for that product and vice versa. A: inversely B: adversely C: correspondingly D: proportionally
- 中国大学MOOC: If orange juice and apple juice are substitutes, an increase in the price of orange juice will shift the demand curve for apple juice to the left.