A decrease in quantity demanded is given by a(n)
a. downward shift of the demand curve
b. upward shift of the demand curve
c. downward movement to the right along the demand curve
d. upward movement to the left along the demand curve
e. downward shift of both demand and supply curves
D
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According to President Reagan’s Executive Order 12291,
a. economic criteria had to be met when reviewing any major regulation b. a major regulation was defined as one having an annual effect of $1 million or more c. only least cost is needed in evaluating major rules, with no consideration for maximizing net benefits d. incremental benefits of policy must be maximized, with no consideration for minimizing incremental costs
The practice of packaging individual debts into a single uniform asset that can be easily bought and sold is called:
A. leveraging. B. securitization. C. federally-backed financing. D. bundled risk.
Total surplus in a market will increase when the government
a. imposes a tax on that market. b. imposes a binding price floor on that market. c. removes a binding price ceiling from that market. d. None of the above is correct.
Which of these countries' growth rates of real GDP per person have exceeded the United States' growth rate of real GDP per person over the last century?
a. Canada and China b. China and India c. Germany and India d. Germany and Pakistan