Which of the following influences people's buying plans and does not shift the demand curve?
A) the price of the good
B) the prices of related goods
C) income
D) preferences
A
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A fear that consumption of ice cream may be related to a life threatening disease spreads rapidly through France. The market result will be:
a. the demand falls, price decreases and therefore French consumers buy more ice cream. b. the demand falls, price decreases and the quantity supplied therefore falls. c. a fall in demand followed by a fall in supply. d. the equilibrium quantity falls, but the price does not change.
The figure above shows the demand curve for pizza
a. What is the marginal benefit of the 20th pizza? b. What is the maximum price the consumer is willing to pay for the 20th pizza? c. If the price of a pizza is $6, what is the consumer surplus of the 20th pizza? d. If the price of a pizza is $10, what is the consumer surplus on all the pizzas consumed? e. If the price of a pizza is $6, what is the consumer surplus on all the pizzas consumed?
Does a person who works in a brothel sell productive services?
A) Yes, if the service is demanded. B) Yes, but only in states where brothels are legal. C) No, because the service is immoral. D) No, because the service does not help the overall economy.
Which of the following transactions would be included in Germany's current account?
A) A German citizen purchases a new Volkswagen made in Germany. B) An American citizen purchases a new Volkswagen made in Germany. C) A German citizen purchases 100 shares of Texas Instruments stock. D) An American citizen purchases 100 shares of BMW stock.