A decrease in the relative price of economics textbooks will raise the aggregate quantity of an economy's goods and services demanded
a. True
b. False
Indicate whether the statement is true or false
False
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Use the following graph of the demand for steak to answer the question below.
Refer to the above diagram and assume that steak is a normal good. Which of the following would shift the demand for steak from D1 to D3?
A. a decrease in consumer incomes B. a decrease in the price of steak C. an increase in consumer incomes D. an increase in the price of steak
In 2012, the European Central Bank bought the debt of which nation?
A) the United States B) France C) Spain D) Germany
In a monopoly,
A) marginal revenue is greater than price. B) marginal revenue is less than price. C) the demand curve is horizontal. D) marginal revenue and price are equal
Which of the following is the government most likely to discourage because of the existence of externalities?
A. Foods that taste good. B. Thermal pollution from a power plant that improves fishing downstream. C. Cars that create an excessive amount of exhaust fumes. D. All goods and services produced by monopolies.