Holding the nonprice determinants of demand constant, a change in price would
a. result in either a decrease in demand or an increase in demand.
b. result in a movement along a stationary demand curve.
c. result in a shift of supply.
d. have no effect on the quantity demanded.
b
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The aggregate supply/aggregate demand model is used to help understand all of the following except
A) inflation. B) business cycle fluctuations. C) the aggregate value of stock traded in the stock market. D) growth of potential GDP.
Command-and-control policies are undesirable ways of reducing pollution because the means of abatement they mandate may not be efficient for all firms.
Answer the following statement true (T) or false (F)
Why wasn't everyone else already implementing group responsibility to lend to the poor in the example in the text?
A. Governments of poor countries had regulations against group responsibility. B. It was easy for groups to provide false social security numbers for members that did not exist. C. It was not profitable. D. The idea was genuinely new.