Other things being equal, the effect of a decrease in the price of grapes would be illustrated by
a. a rightward shift in the demand curve for grapes.
b. an increase in the quantity demanded for grapes.
c. a leftward shift in the demand curve for grapes.
d. a decrease in the quantity demanded grapes.
B
You might also like to view...
If the federal government replaced the current income tax with a value-added tax
A) the prices of Treasury and municipal bonds would rise. B) the prices of Treasury and municipal bonds would fall. C) the prices of Treasury bonds would rise, while the prices of municipal bonds would fall. D) the prices of Treasury bonds would fall, while the prices of municipal bonds would rise.
Market exchange is typically an exchange of goods for money, as opposed to goods for goods, because use of money solves the problem of
A) the absence of a coincidence of wants. B) the absence of a double coincidence of wants. C) a coincidence of needs. D) tax evasion.
Which of the following variables will shift the classical aggregate demand curve?
a. An increase in government spending b. A decrease in taxes c. An increase in autonomous investment expenditures d. An increase in the money stock e. All of the above
The shape of an experience curve suggests that
A) specialization does not matter. B) learning does not pay. C) experience can lower costs. D) none of these choices.