Asked by Shriyam Jairath on Jul 17, 2024
Verified
When the demand for CDs rises,buyers will purchase more CDs at
A) all prices.
B) some prices.
C) no prices.
CDs
Certificates of Deposit, savings certificates with a fixed maturity date and specified fixed interest rate, offering a low-risk investment option.
- Identify the reasons that contribute to fluctuations in demand curves.
Verified Answer
CR
Christian RiveraJul 23, 2024
Final Answer :
A
Explanation :
When the demand for CDs rises, it means that at every price point, buyers are willing to purchase more CDs than before. This is a shift in the demand curve to the right, indicating an increase in quantity demanded at all prices.
Learning Objectives
- Identify the reasons that contribute to fluctuations in demand curves.