In a two-country world, the depreciation of the domestic currency shifts
A) the AD curve rightward and the SRAS curve leftward.
B) the AD curve leftward and the SRAS curve rightward.
C) both the AD curve and the SRAS curve rightward.
D) both the AD curve and the SRAS curve leftward.
E) the AD curve rightward and does not affect the SRAS curve.
A
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When the real interest rate rises, there is
A) neither a shift of the consumption function nor a movement along the consumption function. B) a downward shift of the consumption function. C) a downward movement along the consumption function. D) an upward shift of the consumption function. E) an upward movement along the consumption function.
To gain from price discrimination, price searchers
a. must charge a higher price to those with a more inelastic demand. b. must be pure monopolists. c. must have small economies of scale d. must have access to widely available natural resources.
Refer to the diagram for a monopolistically competitive firm in short-run equilibrium. This firm's profit-maximizing price will be:
A. $10.
B. $13.
C. $16.
D. $19.
List the major non-price determinants of supply
What will be an ideal response?