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BUS 111-Ch03 Demand and Supply.Multiple Choice Questions
- Exam (elaborations) • 13 pages • 2021
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BUS 111-Ch03 Demand and Supply. Multiple Choice Questions 
 
1. The downward slope of the demand curve again illustrates the pattern that as 
_____________ rises, _________________ decreases. 
A. quantity demanded, price 
B. quantity supplied, quantity demanded 
C. price, quantity demanded 
D. price, quantity supplied 
Answer: C Reference: 
Explanation: 
2. The nature of demand indicates that as the price of a good increases: 
A. suppliers wish to sell less of it. 
B. more of it is produced. 
C....
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