A rightward shift in the demand curve for a product will ordinarily result from
A. a decrease in the advertising budget.
B. a decrease in the price of a competing product.
C. an increase in consumer income.
D. an increase in the price of a complementary good.
Answer: C
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Which of the following is an example of search costs?
A) Isabel knows that other neighbors' sleep patterns must also be affected by the howling dogs in her neighborhood and sets out to find those neighbors. B) Isabel is bound and determined to to find out which of her neighbors owns the howling dogs that are preventing her from getting a full night's slee
In long-run macroeconomic equilibrium, the
A) real wage rate has adjusted so that the economy is on the short-run aggregate supply curve but not on the long-run aggregate supply curve. B) long-run aggregate supply curve has shifted in response to a money wage rate increase so that potential GDP equals real GDP. C) aggregate demand curve adjusts to the point where the long-run aggregate supply curve and the short-run aggregate supply curve intersect. D) None of the above answers is correct.
The quantity theory of money seeks to explain the connection between money and
A) output. B) unemployment. C) prices. D) interest rates.
Which of the following best describes the antebellum U.S.?
a. Immigration peaked in the 1820s and slowly decreased through the Civil War. b. Union membership grew consistently through the period and comprised a substantial portion of the working population by the Civil War. c. English wages grew relative to those of the U.S. d. The percentage of people living in urban areas in U.S. approximately tripled. e. The North had the most unequal income distribution because of its large increase in industry.