Export supply curves are __________________; import demand curves are ___________________
A. horizontal; vertical
B. vertical; horizontal
C. downsloping; upsloping
D. upsloping; downsloping
D. upsloping; downsloping
You might also like to view...
Leather belts and leather shoes are substitutes in production. If style changes increase the demand for leather belts, the supply curve of leather shoes will shift
A) leftward and the equilibrium price of leather shoes will fall. B) leftward and the equilibrium price of leather shoes will rise. C) rightward and the equilibrium price of leather shoes will fall. D) rightward and the equilibrium price of leather shoes will rise.
Market demand is
A) the total quantities demanded of all consumers of a particular item at given prices. B) a movement along the demand curve in response to the market. C) total equilibrium demand for the market. D) the demand for and supply of a good or service.
Figure 11.3Figure 11.3 shows demands and costs for a monopolistically competitive firm. When the firm's demand curve shifts from D1 to D2 and to D3:
A. the demand for the firm's product is decreasing. B. the firm's average cost of production is increasing. C. the firm's marginal revenue curve also shifts to the left. D. All of these
Which of the following will lead to a rightward shift in the U.S. SRAS curve?
A) an increase in foreign input prices B) an appreciation of the dollar C) a depreciation of the dollar D) a and b E) none of the above