You are just about to finish college and are about to start a high paying job. Because of this new job, what is the most likely outcome in the market for cars?
A) Your demand for cars will increase.
B) The market supply of cars will decrease.
C) The demand and the supply for cars will decrease.
D) Your demand for cars will decrease.
E) The market supply of cars will increase.
A
You might also like to view...
George loses his job. The BLS will consider him unemployed
A) immediately. B) only after his severance pay runs out. C) only after he begins to actively seek another job. D) even if he accepts a cheaper part-time job.
Total utility is maximized in the consumption of two goods by equating the:
a. prices of both goods for the last dollar spent on each good. b. marginal utilities of both goods for the last dollar spent on each good. c. ratios of marginal utility to the price of both goods for the last dollar spent on each good. d. marginal utility of one good to the price of the other.
Policymakers generally are:
A. more concerned about structural deficits than cyclical deficits. B. more concerned about cyclical deficits than structural deficits. C. not concerned about structural or cyclical deficits. D. equally concerned about structural and cyclical deficits.
Recall the Application about a South African consumer lender that offered different interest rates in loan offers via mass mailings to answer the following question(s).According to the Application, the number of consumers who accepted a particular loan offer from the mass mailings:
A. was lower for offer letters with low interest rates. B. was higher for offer letters with high interest rates. C. was lower for offer letters with high interest rates. D. did not vary with the different interest rates.