Other things the same, a lower real interest rate decreases the quantity of

If demand curve D2 represents a monopolistic competitor and demand curve D3 represents a monopoly, then

A. the monopolist has a more elastic demand curve than the monopolistic competitor.
B. the monopolistic competitor has a more elastic demand curve than the monopolist.
C. the monopolist and the monopolistic competitor have identical elasticity in their demand curves.
D. None of these choices are true.

Which of the following would likely be an example of a monopolistic industry?

a. fast-food restaurants b. cell phone service c. auto manufacturing d. none of the above

Which of the following is a true statement?

A. Firms and resource suppliers generally find it easier to reduce prices than to raise them. B. As the price level increases, interest rates will rise and therefore consumption and investment spending will also rise. C. An initial increase in aggregate demand may cause a further increase in aggregate demand because higher prices mean higher incomes. D. A decline in aggregate demand will primarily affect real output and employment if prices are inflexible downward.

List three reasons why the demand for a product will often increase if the product is endorsed by a celebrity

What will be an ideal response?