Consider the market for smart phones. Which of the following shifts the demand curve rightward?
A) a decrease in the price of smart phones
B) an increase in the price of smart phones
C) an increase in the price of land-line phone service, a substitute for smart phones
D) an increase in the supply of smart phones
E) a decrease in the number of smart phone buyers
C
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A financial market panic that causes US depositors to withdraw their funds from Chinese banks, would cause a(n)________ in the demand of US dollars and a(n) _________in the supply of the Chinese Yuan
a. Increase; Increase b. Increase; Decrease c. Decrease; Increase d. Decrease; Decrease
If, in the long run, people adjust their price expectation so that all prices and incomes move proportionately to an increase in the price level, then the long-run Phillips curve is vertical.
Answer the following statement true (T) or false (F)
Figure 5.4In Figure 5.4, supply elasticity is zero in graph:
A. A. B. B. C. C. D. D.
?Wouldn't raising wages from? $10 per hour to? $15 per hour reduce? Walmart's profits? Why would they have adopted such a? policy?
What will be an ideal response?