A movement along a demand curve
a. is called a change in demand.
b. is the result of a change in the price of the good.
c. can be caused by many things.
d. means the product is inelastic.
B
You might also like to view...
The Solow model suggests that economies with the same aggregate production function, ratio of workers to the total population and saving rates will ________
A) trade with one another B) start with different initial levels of per capita income C) possess the same rate of depreciation D) experience convergence
A union may attempt to obtain stricter certification requirements or longer apprenticeships. These changes would raise workers' wages because they:
a. create unnecessary unemployment. b. shift in labor supply curve leftward. c. decrease the marginal product of labor. d. reduce management's use of featherbedding.
If it could increase its growth rates slightly, a country with low income would catch up with rich countries in about ten years
a. True b. False Indicate whether the statement is true or false
Describe the difference between the short run and the long run