What happens in graph 2 that causes d1,mr1 to move to d2,mr2 in graph 1?
a. Demand stabilizes.
b. Price increases.
c. Supply increases.
d. Quantity decreases.
c. Supply increases.
You might also like to view...
If Happy Nails and Luxury Nails are two competing nail salons and Happy Nails wants to make a threat to Luxury Nails more credible, they can do all of the following except which one?
A) take action to lower the firm's costs B) make Luxury Nails aware of Happy Nails' plans C) keep Luxury Nails in the dark regarding Happy Nails' plans D) take action to increase the firm's capacity
In the market for loanable funds, the supply curve:
A. represents savers. B. is downward sloping. C. reflects that more people will choose to save the lower is the interest rate. D. is made up of people who want to borrow funds.
The following national income data are in billions of dollars
Refer to the above data. National income in this economy is:
A.
$804 billion
B.
$940 billion
C.
$975 billion
D.
$1,019 billion
Jim has the following assets and liabilities:Credit Card balance$2,000Cash$500Government bonds$2,000Checking$750Car loan balance$5,000Car$15,000Which of the following actions would increase Jim's money demand by $200?
A. Jim pays $200 cash for a new lamp. B. Jim gets a $200 cash advance on his credit card and puts the proceeds in his checking account. C. Jim writes a check for $200 to pay down his credit card balance. D. Jim writes a check for $200 to pay down her car loan balance.