List the different factors that cause a demand curve to shift
The factors that may cause the demand curve of a good to shift are: changes in the income of consumers, a change in the population or composition of population of an economy, changes in consumers' tastes, changes in consumers' expectations, and changes in the prices of closely related goods.
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Prices are regarded as sticky in ________
A) new Keynesian and traditional Keynesian theory B) real business cycle and new Keynesian theory C) real business cycle and traditional Keynesian theory D) traditional Keynesian, new Keynesian and real business cycle theory
A permanent shift in the foreign exchange market supply and demand curves such that the fixed exchange rate is no longer an equilibrium rate is referred to as:
a. permanent devaluation. b. speculative disequilibrium. c. permanent revaluation. d. speculative equilibrium. e. fundamental disequilibrium.
According to the World Bank definitions, there are more people in the world living in extreme poverty than there are living in severe poverty.
Answer the following statement true (T) or false (F)
Which type of cost does depend on a firm's output?
A. total cost B. variable cost C. marginal cost D. all of the above