If a monopoly's demand curve shifts to the right, the
A) monopoly will charge a higher price.
B) monopoly will charge a lower price.
C) monopoly will sell more.
D) monopoly's decision cannot be determined.
D
You might also like to view...
If, as your taxable income decreases, you pay a larger percentage of your taxable income in taxes, then the tax is
A) regressive. B) progressive. C) proportional. D) unfair.
Regarding income distribution and the distribution of wealth
A) wealth is a stock concept and income a flow concept. B) a stock is evaluated at a given moment in time; a flow is evaluated during a period of time. C) income, a flow, can be viewed as a return on wealth. D) All of the above are correct.
Which of the following is true?
A) Compound interest means that you are earning interest on the principal but not prior interest earned. B) All of the above are true. C) The law of compound interest highlights the importance of beginning to save at a young age. D) Assume a 7 percent rate of interest and a price of $6 per pack of cigarettes. Smoking one pack of cigarettes per day for 50 years will cost the smoker $109,500 (=$6 365 days50 years).
If the self-correcting mechanism operates quickly,
A. direct intervention is less necessary to close a recessionary gap. B. fiscal stimulus is far more useful in closing a recessionary gap than monetary policy. C. monetary policy is far more useful in closing a recessionary gap than fiscal policy. D. fiscal stimulus is ineffective and inflation will occur.