A decrease in demand would be represented by
A) the price of a good going up.
B) a downward movement along the demand curve.
C) an upward movement along the demand curve.
D) a shift of the demand curve to the left.
Answer: D
You might also like to view...
Headquartered in Washington, D.C., the Board of Governors of the Federal Reserve determines monetary policies and strategies based on the state of the economy
Indicate whether the statement is true or false
In the income-expenditure model, if autonomous investment decreases by $10 billion, _____
a. the aggregate expenditure line shifts upward by $10 billion b. planned saving increases by $10 billion c. the aggregate expenditure line shifts downward by $10 billion d. planned saving decreases by $10 billion e. the equilibrium level of real GDP demanded increases by $10 billion
Perfect price discrimination
a. eliminates deadweight loss. b. reduces profits to the monopolist. c. decreases the total quantity sold by the monopolist. d. requires arbitrage in order for the monopolist to maximize profits.
The second-largest economy in the world belongs to
A. Germany. B. Japan. C. China. D. the United States.