If the demand for a product increases, we would expect that price will initially ________, and eventually ________.
A. rise; fall
B. rise; continue to rise
C. fall; rise
D. fall; continue to fall
Answer: A
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Which of the following is included in M1?
A) the $200 you charged on your credit card to purchase your textbooks B) the $200 check you wrote to purchase your textbooks C) the $200 in cash you used to purchase your textbooks D) the $200 loan you arranged to purchase your textbooks
Which of these is a lagging economic indicator?
a. The unemployment rate b. Personal income c. Industrial production d. Total employment e. Fluctuations in stock prices
The Fed is often considered the bankers' bank because it
a. demands much more currency than it has available b. no longer has a monopoly on printing paper currency c. lowers the discount rate in order to restrict the money supply d. holds banks' reserves, provides banks with currency and loans, and clears their checks e. refuses to use its power of open market operations when a quorum of state-chartered bankers petitions it
Figure 4-25
Refer to . The price that sellers receive after the tax is imposed is
a.
P1.
b.
P2.
c.
P3.
d.
impossible to determine from the figure.