Question

Which of the following best represents the effects of a decrease in the price of apples,...

Which of the following best represents the effects of a decrease in the price of apples, other things being equal?

Question 7 options:

A leftward shift in the demand curve for apples.

A rightward shift in the demand curve for apples.

A downward movement along the demand curve for apples.

An upward movement along the demand curve for apples

George notices that every time he leaves a football game early his team wins. He concludes that he should always leave early so his team has a winning season. George has:

Question 4 options:

Confused association and causation.

Misunderstood the Ceteris Paribus assumption.

Built an untestable model.

Used normative economics to answer a positive question.
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Answer #1

1  (C) downward movement along the demand curve for apples.

as prices increase then quantity of demand will move along the demand curve. and will be downward sloped. when price decrease then quantity demanded increases and curve move along the demand curve and increase the quantity of demand. there is negative relativeship between quantity demanded and price.

2.Used normative economics to answer a positive question.

George used normative economics to anwer a positivesquesion normative economic follow the value judgementand to remain the current situation .

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