Answer: D. The supply curve will shift in (up and back), causing the price to increase and the quantity to decrease.
Which of the following changes will occur to the market for movie tickets when the cost of electricity to operate the air conditioner rises dramatically.
A . The supply curve will shift out, causing the price to increase and the quantity to decrease.
B. The supply curve will shift out, causing the price to decrease and the quantity to increase.
C. The supply curve will shift in (up and back), causing the price to decrease and the quantity to increase.
D. The supply curve will shift in (up and back), causing the price to increase and the quantity to decrease.
Economics
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The marginal benefit from a good is the amount a person is willing to pay for
A) all of the good the person consumes. B) one more unit of the good. C) all of the units of the good the person consumes divided by the number of units he or she purchases. D) one more unit of the good divided by the number of units purchased.
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"Even under flexible exchange rate regime, governments could not be indifferent to the behavior of exchange rates and inevitably surrendered some of their policy autonomy in other areas to prevent exchange rate movements they viewed as harmful to
their economies." Discuss.
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A change in the discount rate changes the size of the money multiplier.
Answer the following statement true (T) or false (F)
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