Refer to the accompanying figure. Assume the market is originally at point W. Movement to point Y is the result of:
A. an increase in demand and an increase in quantity supplied.
B. an increase in supply and an increase in quantity demanded.
C. a decrease in supply and an increase in quantity demanded.
D. an increase in supply and an increase in demand.
Answer: B
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Refer to the scenario above. The retailer adds a value of ________ to the production process
A) $3 billion B) $1 billion C) $10 billion D) $5 billion
Before it went bankrupt in 2008, Lehman Brothers investment bank had a leverage ratio of 30 which meant it was:
A. highly hedged. B. in debt more than it was worth. C. highly leveraged. D. not very leveraged.
Assume that for good X the supply curve for a good is a typical, upward-sloping straight line, and the demand curve is a typical downward-sloping straight line. If the good is taxed, and the tax is tripled, the
a. base of the triangle that represents the deadweight loss triples. b. height of the triangle that represents the deadweight loss triples. c. deadweight loss of the tax increases by a factor of nine. d. All of the above are correct.
An increase in the amount of human capital labor... the short-run aggregate supply curve and ... the long-run aggregate supply curve
What will be an ideal response?