An increase in demand occurs when
A) we measure price in money price rather than real price.
B) we move up the demand curve.
C) the demand curve shifts to the right.
D) the demand curve shifts to the left.
C
You might also like to view...
The relationship between consumer spending and income is known as the
A) rate of individual wealth. B) consumption function. C) rate of income. D) inflation rate.
Refer to the above table. If the price is $5, the maximum economic profits this firm could earn is
A) $520. B) $420. C) $414. D) $106.
Suppose the price of crude oil used to produce gasoline rises significantly. At the same time, consumers purchase hybrid cars in great numbers. In the market for gasoline, demand shifts to the ________ and supply shifts to the ________
A) left, left B) left, right C) right, left D) right, right
According to classical economists, unemployment rises in recessions due to an increase in ________ unemployment, not ________ unemployment.
A. frictional and structural; cyclical B. structural; frictional and cyclical C. cyclical; frictional and structural D. frictional and cyclical; structural