Refer to the information provided in Figure 3.7 below to answer the following question(s).
?Figure 3.7Refer to Figure 3.7. Assume the market is initially at Point B and that pizza is a normal good. A decrease in income would cause the market to move from Point B on demand curve D2 to
A. demand curve D1.
B. demand curve D3.
C. Point A on demand curve D2.
D. Point C on demand curve D2.
Answer: A
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A. had slow economic growth. B. had a lack of any government regulation of the stock market. C. suffered from economic depressions. D. had soaring stock
Most water pollution in the United States comes from manufacturing sites
a. True b. False
The opportunity cost of increased production of some good can be measured with
a. the slope of a ray to the production possibilities curve. b. the area under the curve of a production possibilities curve. c. the area of the rectangle bounded by the axes and the point on the production possibilities curve. d. the slope of the production possibilities curve. e. All of the above are correct.
The OPEC production cuts of 1999-2000 increased energy prices and caused the aggregate supply curve to
a. shift outward. b. shift inward. c. become flatter. d. become steeper.