Refer to the figure above. If the relative price of T were to increase, then the price line would
A) shift out in a parallel fashion.
B) shift in a parallel fashion.
C) become steeper.
D) become flatter.
D
You might also like to view...
National income equals
A) net national product minus statistical discrepancy. B) gross national product minus depreciation. C) GNP minus depreciation and taxes on production and imports. D) net national product minus taxes on production and imports and employer contributions to Social Security.
According to the Census Bureau, in 2016 nearly ________ Americans were counted as poor.
A. 9 million B. 1 million C. 40 million D. 20 million
Whether crowding out occurs is most likely to depend on:
A. the timing of fiscal policy. B. whether there is full employment in the economy. C. the political business cycle. D. whether the actions of state governments are procyclical.
Stephanie has just placed an order for the latest video after she received a personalized e-mail. The e-mail is an example of
A) mass marketing. B) direct marketing. C) indirect marketing. D) interactive marketing.