Suppose that X and Y are substitute goods. If the price of good X increases, we can expect
a. the demand for good X to shift to the left
b. an upward movement along the demand curve for good Y
c. the demand curve for good Y to shift to the right
d. a downward movement along the demand curve for good Y
e. the demand curve for good Y to shift to the left
C
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If a central bank engages in an unsterilized foreign-exchange intervention with the intention of raising the foreign-exchange value of its currency,
A) the central bank's holdings of international reserves will fall. B) the domestic money supply will rise. C) domestic interest rates will fall. D) it will buy foreign assets.
The Board of Governors of the Federal Reserve System has how many governors?
A) 1 B) 5 C) 7 D) 12
Assuming the firm in the graph shown is producing Q1 and charging P3, it is likely showing the cost and revenue curves of a monopolistically competitive firm that is:
These are the cost and revenue curves associated with a firm.
A. making positive economic profits.
B. earning negative economic profits.
C. in long-run equilibrium.
D. All of these statements are true.
Economic regulation occurs when
a. monopoly is the optimal market structure b. the industry is highly competitive c. the product is important to economic welfare d. the government owns the assets of the industry e. the product price, if left unregulated, would be too low