A increase in quantity demanded as a result of a change in price
A) is a rightward shift of the demand curve.
B) is a leftward shift of the demand curve.
C) leaves the demand curve unchanged.
D) is not possible.
C
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J.P. Morgan was instrumental in the formation of:
a. Ford Automobiles. b. U.S. Steel Corporation. c. Standard Oil. d. Swift Meats.
If a university cafeteria changes from selling each food item separately to offering all-you-can-eat meals for one low price, one would expect that the marginal utility of the last food item consumed in the cafeteria by the typical student would decrease since more food is now likely to be consumed by students who eat a meal in the cafeteria
a. True b. False Indicate whether the statement is true or false
Discouraged workers are included in the
A. labor force category. B. unemployed category. C. not in the labor force category. D. employed category.
(Consider This) Which of the following is an example of voter failure?
A. Voters support adding stop lights that would increase congestion and travel costs without increasing safety or convenience. B. Government officials ignore voter calls for regulations that would reduce negative externalities and enhance efficiency. C. Voters wanting greater highway safety are unable to express their preferences on how to achieve it because the voting system doesn't allow it. D. Voters wanting more government services are divided on what services they most prefer, leaving government officials to determine what is best.