If oligopolists start cutting prices to capture a larger market share, the result will be a
A. Movement up the market demand curve.
B. Leftward shift of the market demand curve.
C. Rightward shift of the market demand curve.
D. Movement down the market demand curve.
Answer: D
You might also like to view...
If the Fed decides to engage in an open market operation to increase the money supply, what will it do?
a. Sell Treasury bonds, bills, or notes on the bond market. b. Buy Treasury bonds, bills, or notes on the bond market. c. Increase the required reserve ratio. d. Increase the fed funds rate.
A demand curve is upward sloping because as the price decreases the quantity demanded decreases
Indicate whether the statement is true or false
Suppose a study showed that as the income of doctors increased, doctors spent more time on the golf course and less in the office. What would such a conclusion say about the relative sizes of substitution and income effects?
A business must analyze___________before making a decision.
Fill in the blank(s) with the appropriate word(s).