An increase in demand involves
A) Movement along the demand curve. B) A shift in the supply curve to the right.
C) A shift in the demand curve to the left. D) None of the above.
Answer: D
You might also like to view...
In a fractional-reserve banking system the reserve/deposit ratio equals:
A. 100 percent. B. more than 100 percent. C. less than 100 percent. D. currency held by the public divided by deposits.
If the number of people who want to sell off stocks are higher than those who want to buy it, the stock prices move up
a. True b. False Indicate whether the statement is true or false
Exhibit 7-13 Price and cost per unit curves
?
In Exhibit 7-13, if the price is P3, total economic profit is maximized or economic loss minimized at the output:
A. Q1. B. Q2. C. Q3. D. Q4.
If goods A and B are considered substitutes, an increase in the price of A would cause
A. the demand curve for B to shift to the left. B. a movement along the demand curve for B to a (lower price, higher quantity) point. C. the demand curve for B to shift to the right. D. a movement along the demand curve for B to a (higher price, lower quantity) point.