The demand curve facing a typical firm in a perfectly competitive market is horizontal
a. True
b. False
A
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In general, a fine on selling a product leads to the
A) supply curve shifting rightward. B) supply curve shifting leftward. C) demand curve shifting rightward. D) demand curve shifting leftward.
If European economies experience strong economic growth, U.S. net exports will
a. increase and AD will shift rightward. b. increase and AD will shift leftward. c. decrease and AD will shift leftward. d. decrease and AD will shift rightward.
Along a linear demand curve, total revenue is maximized when demand is
a. elastic b. inelastic c. unit elastic d. perfectly elastic e. perfectly inelastic
An increase in the government budget deficit shifts the demand for loanable funds to the right
a. True b. False Indicate whether the statement is true or false