A(n) ________ is represented by a leftward shift of the demand curve while a(n) ________ is represented by a movement along a given demand curve
A) decrease in demand; increase in demand
B) decrease in demand; increase in quantity demanded
C) increase in demand; decrease in quantity demanded
D) decrease in quantity demanded; decrease in demand
Answer: B
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A rightward shift in the demand curve in the loanable funds market causes a ________ the demand curve in the investment demand market.
A. leftward shift in B. downward movement along C. rightward shift in D. upward movement along
The price elasticity of demand for furniture is estimated at 1.3. This value means a one percent increase in the
A) price of furniture will increase the quantity of furniture demanded by 1.3 percent. B) price of furniture will decrease the quantity of furniture demanded by 1.3 percent. C) quantity of furniture demanded will decrease the price of furniture by 1.3 percent. D) quantity of furniture demanded will increase the price of furniture by 1.3 percent.
Interest deductibility does not provide an incentive for debt finance.
A. True B. False C. Uncertain
The supply curve of land, in the market for uses of land, is:
a. perfectly inelastic. b. nonexistent. c. perfectly elastic. d. positively sloped. e. negatively sloped.