Changes in which of the following factors do NOT shift the demand curve?
A) the price of the good
B) buyers' incomes
C) the price of a substitute good
D) the number of buyers
E) the price expected in the future
A
You might also like to view...
The supply curve of low-skilled labor is upward sloping because those workers know that government will protect them with minimum wage legislation
Indicate whether the statement is true or false
If initially the money supply is $2 trillion, velocity is 5, the price level is 2, and real GDP is $5 trillion, a fall in the money supply to $1 trillion
A) reduces real GDP to $2.5 trillion. B) causes velocity to rise to 10. C) decreases the price level to 1. D) decreases the price level to 1 and decreases velocity to 2.5.
With regard to the characteristics of production indifference curves, which of the following statements is/are NOT true?
A. Higher curves correspond to larger outputs. B. An indifference curve will generally have a negative slope. C. An indifference curve is typically assumed to curve inward toward the origin near its middle. D. All of the responses are true for production indifference curves.
In 1911, the U.S. Supreme Court made clear that the Sherman Act did not outlaw every action that seemed to restrain trade.
Answer the following statement true (T) or false (F)