A change in demand refers to
A. a shift of the entire demand curve caused by a change in price.
B. a movement along a demand curve.
C. a shift of the entire demand curve caused by a determinant of demand other than price.
D. None of the choices are correct.
C. a shift of the entire demand curve caused by a determinant of demand other than price.
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The fastest growing nations today
A) are not saving but instead are investing. B) have the government directing all their research and development. C) have non-democratic political systems. D) have the fastest growing exports and imports. E) have erected many trade barriers to protect domestic firms.
Stock in Frozen Dreams, an ice cream manufacturer, has a price to earnings ratio of 24 . Is this comparatively high or low? What are two explanations for the size of this company's price to earnings ratio?
A production function measures the relation between
A. input prices and output prices. B. input prices and the quantity of output. C. the quantity of inputs and input prices. D. the quantity of inputs and the quantity of output. E. none of the above
A temporary decrease in the price of oil would be considered a:
A. long-run supply shock. B. demand shock. C. short-run supply shock. D. The changing price of oil would not affect any of these.