Technological advancements have led to lower prices and an increase in the sale of color laser printers. How does this affect the market for traditional inkjet printers?
A) The demand curve for inkjet printers shifts to the right.
B) The quantity of inkjet printers demanded decreases.
C) The demand curve for inkjet printers shifts to the left.
D) The quantity of inkjet printers demanded increases.
C
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The relationship between money and spending is
A) very reliable. B) very unreliable. C) not important. D) None of the above.
Demand-pull inflationary pressure increases as the economy approaches full employment
a. True b. False Indicate whether the statement is true or false
Whenever the price of an asset rises above what appears to be its fundamental value, the market is said to be experiencing a
a. conjectural mistake. b. fundamental mishap. c. speculative bubble. d. temporary inefficiency.
How do the concepts of market failure and failure of market outcome relate to the concept of Pareto optimality?
A. Market failure is judged by the criteria of Pareto optimality; failure of market outcome rejects Pareto optimality as the sole criterion. B. Failure of market outcome is judged by the criteria of Pareto optimality; market failure rejects Pareto optimality as the sole criterion. C. Both market failure and failure of market outcome reject the criteria of Pareto optimality for another criterion. D. Both market failure and failure of market outcome are judged by the criteria of Pareto optimality.