If there is an increase in market demand in a competitive price-taker market, then in the short run
a. there will be no change in the demand curves faced by individual firms in the market.
b. the demand curves for firms will shift downward.
c. the demand curves for firms will become more elastic.
d. profits will rise.
D
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If the Luddites had succeeded in ________ the introduction of labor-saving machinery, economic growth in Great Britain may have been ________.
A. blocking; more rapid B. blocking; slower C. promoting; slower D. promoting; more rapid
Figure 16-3
If budget deficits shift the money demand curve as is illustrated in Figure 16-3, which component of total expenditures will be affected the most?
a.
consumption spending
b.
government spending
c.
private investment spending
d.
net exports
What is the net benefit associated with producing two units of the control variable, Q (identify point C in the table)?Control variableTotal BenefitsTotal CostsNet BenefitsMarginal BenefitMarginal CostMarginal Net BenefitQB(Q)C(Q)N(Q)MB(Q)MC(Q)MNB(Q)0000---190010080090010080021,700300C80020060032,4006001,800700E4004A1,0002,00060040020053,5001,5002,000500500F63,9002,1001,800D600-20074,2002,8001,400300700-40084,400B800200800-60094,5004,5000100900-800104,5005,500-1,00001,000-1,000
A. 1,400 B. 1,200 C. 800 D. 600
Changes in reserve requirements directly and immediately affect
A. the money multiplier. B. the Fed's holdings of foreign exchange. C. the monetary base. D. banks' holdings of securities.