Use the following graph of the demand for coffee to answer the question below.
Refer to the three demand curves for coffee. Which of the following would shift the demand for coffee from D1 to D3?
A. a decrease in the price of coffee
B. a decrease in the number of buyers of coffee
C. an expected increase in the price of coffee in the future
D. an increase in the number of buyers of coffee
Answer: B
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A $1 million increase in investment spending will raise equilibrium output (real GDP) by:
a. less than $1 million. b. exactly $1 million. c. between $0.5 and $1.5 million. d. more than $1 million.
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Answer the following statement true (T) or false (F)
An example of an externality associated with drugs is a drug
A. dealer killing his supplier for lack of delivery. B. user ruining a spouse's life. C. dealer killing his customer for lack of payment. D. user ruining the drug user's life.