If sellers decide to sell more calculators by mass producing them and lowering the price so consumers will buy more, the supply and demand curves will both shift to the right
a. True
b. False
B
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A baby boom will have what immediate effect on the disposable diaper market?
a. Supply decreases. b. Supply increases. c. Demand decreases. d. Demand increases. e. Supply and demand remains the same.
GDP can be used to measure both short-term changes (i.e., over several months) and long-term changes in economic activity
a. True b. False
An increase in _____ will shift the SRAS curve
Fill in the blank(s) with the appropriate word(s).
Refer to the information provided in Figure 6.5 below to answer the question(s) that follow.
Figure 6.5Refer to Figure 6.5. Molly's budget constraint is BD. Molly's income is $375, the price of a DVD is $15 and the price of a CD is $25. At point D she is buying ________ DVDs and ________ CDs.
A. 25; 15 B. 0; 15 C. 25; 0 D. 50; 30