The number of buyers of sport utility vehicles, SUV, decreases sharply. So the
A) demand curve for SUVs shifts leftward.
B) demand curve for SUVs shifts rightward.
C) demand curve for SUVs does not shift, nor is there a movement along then demand curve.
D) demand curve for SUVs does not shift, but there is a movement downward along it.
E) supply curve for SUVs shifts rightward.
A
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A strategy is called a pure strategy if it involves choosing ________
A) one particular action for a situation B) different combinations of actions for a situation C) an action that yields a higher payoff to the opponent D) an action that yields zero payoff to the player
If the factor supply curve facing a monopolist is the market supply curve, and if the market supply curve is an upward sloping straight line, the marginal expenditure curve
A) lies below the market supply curve. B) lies above the market supply curve. C) is the market supply curve. D) crosses the market supply curve at the market wage rate. E) either A or B is possible.
_____ increases with the variability of outcomes and the underlying degree of randomness in the environment that can affect a business relationship
a. The problem of double marginalization b. Asset specificity c. Uncertainty d. Volumetric interdependence
The slope of the consumption function is also known as
a. the consumption ratio b. the average propensity to consume c. autonomous consumption spending d. the marginal propensity to consume e. multiplying propensity to consume