When consumers in a market become fully informed of negative information about the product, we can expect the
A. demand curve for the product to shift to the right.
B. demand curve for the product to shift to the left.
C. supply curve for the product to shift to the right.
D. supply curve for the product to shift to the left.
Answer: B
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The long boom ended in
A) 1999. B) 2001. C) 2008. D) 2012.
Which of the following topics is a macroeconomic subject?
A) a proposed merger between two companies B) the level of sales at a particular department store C) increases in the overall price level of the United States D) the decision of an automobile manufacturer
Other things being equal, what impact does enhanced consumer information on the risk of colon cancer linked to red-meat consumption have on the equilibrium in the market for beef?
A. A decrease in both price and quantity; B. An increase in price and decrease in quantity; C. A decrease in price and an increase in quantity. D. Not enough information is provided to answer this question;
In the short-run, following the opening of trade
A. groups tied to declining sectors of the economy will suffer from lower returns. B. workers will suffer from lower wages, but landowners will benefit from higher rents. C. workers in the country can change jobs but will receive the same wage. D. gross output remains constant.