An increase in the number of buyers in a particular market for a good will result in a ___________________ for that good
A) movement up along the demand curve
B) movement down along the demand curve
C) leftward shift in the demand curve
D) rightward shift in the demand curve
D
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The above figure shows a motel engaged in monopolistic competition with other motels. The equilibrium quantity at this motel is ________ rooms per day
A) 200 B) 300 C) 400 D) 500 E) 100
If two grade-school children willingly trade their lunches with one another, we can conclude that at least one of them preferred the other's lunch to his own
Indicate whether the statement is true or false
Refer to the figure shown, which represents the production possibilities frontiers for Countries A and B. Which of the following statements is true? The opportunity cost of a truck in Country A is:
A. 30 cars.
B. 6 trucks.
C. 5 cars.
D. 3 cars.
If nominal wages and salaries are fixed as firms change product prices, the short-run aggregate supply curve is: a. vertical
b. horizontal. c. negatively sloped. d. positively sloped.