Refer to the above figure. The rightward shift of the curve indicates
A. an increase in supply.
B. an increase in demand.
C. a change in quantity supplied.
D. a change in quantity demanded.
Answer: A
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If the nominal interest rate is held constant, a higher inflation rate tends to
A) reduce the real interest rate. B) increase the real interest rate. C) leave the real interest rate unchanged. D) have no effect on the savings decisions of households.
A payment is said to be indexed if it is automatically adjusted for inflation.
Select whether the statement is true or false. A. True B. False
Discrimination is difficult to measure empirically because
a. it is hard to measure and control for differences in marginal productivity. b. data on racial and gender differences is rarely available. c. discrimination is practiced by very few employers. d. economists find no significant wages differentials due to gender or race.
Refer to the accompanying figure. Moving from demand curve D1 to demand curve D2 illustrates a(n):
A. decrease in demand. B. decrease in quantity demanded. C. increase in demand. D. increase in quantity demanded.