When quantity supplied increases at every possible price, we know that the supply curve has
a. shifted to the left.
b. shifted to the right.
c. not shifted; rather, we have moved along the supply curve to a new point on the same curve.
d. not shifted; rather, the supply curve has become flatter.
b
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All else equal, an increase in the price of complementary products for the Apple Watch, such as Sensoria's wearable technology, would
A) shift the demand curve for the Apple Watch to the left. B) shift the supply curve for the Apple Watch to the left. C) shift the demand curve for the Apple Watch to the right. D) shift the supply curve for the Apple Watch to the right.
One difference between futures and options contracts is
A) funds change hands daily in the case of options but not with futures. B) funds change hands daily in the case of futures, but not with options. C) in the case of futures funds only change hands when they are exercised. D) futures are designed to reduce risk while options are not.
Rational ignorance suggests that voters may not spend much time examining candidates before an election because
a. politics is boring b. each voter has virtually no chance of deciding the election c. public choices are not important to society d. candidates are chosen by the electoral college e. candidates are usually so different that it is easy to determine which is better
Economists are often perceived as disagreeing with each other. Is this the way things really are?
a. No, economists agree on much more than is commonly supposed. b. No, the problem is that some economists are smarter than others. c. No, economists "stage" disagreements for public amusement. d. Yes, economists rarely agree on much of anything. e. Yes, economists are unable to analyze problems dispassionately.