For the quantity exchanged in a market to remain the same, while the price increased, both supply and demand would have to shift to the right
a. True
b. False
Indicate whether the statement is true or false
False
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When the Smiths were shopping for their present home, the asking price from the previous owner was $250,000.00. The Smiths had decided they would pay no more than $245,000.00 for the house
After negotiations, the Smiths actually purchased the house for $239,000.00. They, therefore, enjoyed a consumer surplus of A) $239,000.00. B) $5,000.00. C) $6,000.00. D) $11,000.00.
From 1837 and up until the Civil War, the United States adhered to a
A) gold standard. B) silver standard. C) bimetallic standard. D) bronze standard. E) copper standard.
A well-functioning market will have high monetary costs applied to high opportunity costs
a. True b. False Indicate whether the statement is true or false
Jim has the following assets and liabilities:Credit card balance$2,000Cash$500Government bonds$2,000Stock$5,000Checking$750Car loan balance$5,000Car$15,000 Which of the following actions would decrease Jim's money demand by $200?
A. Jim sells $200 worth of stocks and puts the proceeds in his checking account. B. Jim writes a check for $200 to pay down his credit card balance. C. Jim writes a $200 check for cash and holds the cash. D. Jim sells a $200 government bond and puts the proceeds in his checking account.