What might cause a demand curve to shift to the right?
A. An increase in the price of a substitute.
B. A decrease in the price of a substitute.
C. An increase in the price of a complement.
D. An increase in the product's own price.
Answer: A
You might also like to view...
Which of the following is NOT a barrier to entry for a monopoly to exist?
a. The critical resource is owned by a single company b. The costs of production make a single producer more efficient than many producers c. International trade agreements restrict production domestically d. The government grants exclusive rights to a single producer
Vault cash is equal to $8 million, deposits by depository institutions at the central bank are $2 million, the monetary base is $30 million, and bank deposits are $100 million. The money multiplier is equal to
A) 2.5. B) 3.0. C) 4.0. D) 5.0.
Recent research suggests that the federal minimum wage law
a. clearly causes significant unemployment. b. causes unemployment for teenagers. c. causes unemployment for high wage workers. d. may not cause much, if any, unemployment.
If the supply of a product decreases, then we would expect equilibrium price
a. to increase and equilibrium quantity to decrease. b. to decrease and equilibrium quantity to increase. c. and equilibrium quantity to both increase. d. and equilibrium quantity to both decrease.