If consumers value the product-specific services for a new smartphone at $25, if retailers offer the product-specific services for the smartphone, the market ________ will ________.
A) demand; not shift
B) demand; shift to the left
C) supply; shift to the right
D) demand; shift to the right
D) demand; shift to the right
You might also like to view...
A sole proprietorship is the type of business that has ________ government rules and regulations affecting it
A) only federal B) the fewest C) the most D) no
Which of the following is associated with a less elastic demand curve?
a. availability of many close substitutes b. a greater amount of time for consumers to respond to a price change c. a smaller percentage of income spent on the good in question d. all of the above
Keynes argued that
a. irrational waves of pessimism cause decreases in aggregate demand and increases in unemployment. b. irrational waves of optimism cause decreases in aggregate demand and decreases in aggregate supply. c. changes in business and consumer expectations generally stabilize the economy. d. All of the above are correct.
At the equilibrium real interest rate in the open-economy macroeconomic model, the amount that people want to save equals the desired quantity of
a. net capital outflow. b. domestic investment. c. net capital outflow plus domestic investment. d. foreign currency supplied.