A shift in the demand curve for sailboats resulting from an increase in incomes will lead to
a. higher prices of sailboats.
b. lower prices of sailboats.
c. a corresponding shift in the supply curve for sailboats.
d. lower output of sailboats.
e. no change in the price of sailboats.
a
You might also like to view...
If the quantity of nail polish supplied is represented by the equation QS = -3 + 2P then the corresponding price of nail polish is represented by the equation
A) P = 1.5 - 0.5QS. B) P = 2QS - 6. C) P = 2QS + 6. D) P = 0.5QS + 1.5.
Depreciation allowance ________ the profit subject to taxation, which ________ the amount of tax the firm pays.
A) decreases; decreases B) increases; increases C) increases; decreases D) decreases; increases
Under monopoly, resources are allocated as efficiently as in perfect competition.
Answer the following statement true (T) or false (F)
The law of diminishing marginal returns results in average total cost eventually
A. decreasing at an increasing rate. B. increasing at an increasing rate. C. increasing at a decreasing rate D. decreasing at a decreasing rate.