The demand curve shows the relationship between:

A) good price and the service.
B) quantity demanded and the price of the goods.
C) quality and quantity of the goods.
D) quality and price of the goods.

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Divya SinghLv10

13 Oct 2020

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The demand curve shows the relationship between:

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C) quality and quantity of the good
D) quality and price of the good

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1. Suppose the demand for good X is given by Q^d_x = 10 + a_xP_x + a_yP_y + a_MM. If a_y is positive, then:
A. goods y and x are complements.
B. goods y and x are inferior goods.
C. goods y and x are normal goods.
D. goods y and x are substitutes.

2. Suppose the supply of good X is given by Q^S_x = 10 + 2P_x. How many units of good X are produced if the price of good X is 20?
A. 10.
B. 20.
C. 30.
D. None of the statements associated with this question is correct.