Inga's graph of her budget line has apples per week on the vertical axis and loaves of bread per week on the horizontal. A fall in the price of an apple shifts the
A) horizontal intercept leftward.
B) horizontal intercept rightward.
C) vertical intercept downward.
D) vertical intercept upward.
D
Economics
You might also like to view...
Use the following graph to answer the next question.
If the industry were a pure monopoly, the profit-maximizing price would be ________.
A. $8 B. $14 C. greater than $16 D. $16
Economics
________ occurs when individuals conform to the decisions of others
A) Herding B) Anchoring C) Signaling D) Sniping
Economics
Refer to Scenario 25-1. M1 in this simple economy equals
A) $1,000. B) $2,000. C) $3,000. D) $8,000.
Economics
The perfectly competitive firm's short-run shutdown rule is to shut down immediately if
a. TR < TC. b. TR < SRFC. c. TR < SRVC. d. TR < MC > Q.
Economics