Which of the following would cause a movement up (or leftward) along the demand curve for European autos in the United States?

A. An increase in the price of American autos
B. A decrease in the price of American autos
C. An increase in income in the United States
D. An increase in the price of European cars


Answer: D

Economics

You might also like to view...

Explain how price can be a regulator, that is, how it can coordinate the plans of buyers and sellers

What will be an ideal response?

Economics

The fall in the money multiplier and money supply during the Great Depression

a. suggests that the public but not banks can be a major participant in the money supply process. b. implies that banks but not the public can be a major participant in the money supply process. c. means that neither the banks nor the public were involved in the money supply process. d. illustrates that both the public and banks can be major players in the money supply process.

Economics

According to traditional Keynesian economics, contractionary fiscal policy initiated by the federal government

Economics

Ceteris paribus, if the U.S. dollar depreciated in relation to the Canadian dollar, which of the following would be true? a. U.S. goods would become less expensive to Canadian consumers

b. Canadian goods would become more expensive to Canadian consumers. c. U.S. goods would become less expensive to European consumers. d. all of the above

Economics