Answer: d. the number of buyers
Which of the following would not affect an individual's demand curve?
a. expectations
b. income
c. prices of related goods
d. the number of buyers
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The figure above shows the cost, marginal revenue, and demand curves of Golden Chow, a producer of dog food. The market for dog food is monopolistic competition. In the long run as new firms enter, Golden Chow cuts its output to 200 cans per day
Its excess capacity is ________ cans per day. A) 0 B) between 0 and 200 C) between 201 and 400 D) more than 401
The motivation behind mutual fund regulation is protection of individual investors through
A) risk-based capital requirements. B) full financial disclosure. C) insurance of investors accounts. D) performance of periodic audits by the SEC.
Exchange rate transactions that involve the exchange of bank deposits at some specified date in the future are known as ________
A) backward transactions B) dog transactions C) sport transactions D) forward transactions
If your real disposable income goes up by $1,000 per week, and your real consumption spending goes up by $800 per week, you have a marginal propensity to consume of
A) 0.2. B) 0.8. C) 1.2. D) 1.0.