With the creation of value, there is a
A. leftward shift of both the demand and supply curves.
B. leftward shift of the demand curve and a rightward shift of the supply curve.
C. rightward shift of the demand curve.
D. leftward shift of the supply curve.
Answer: C
You might also like to view...
Economists distinguish a "normal" good from an "inferior" good by focusing on
A) how a change in income effects the demand for that good. B) the good's quality. C) the good's durability. D) the good's desirability. E) all of the above.
International flows of capital increase both efficiency and growth in countries around the world
Indicate whether the statement is true or false
In the last 20 years, which of the following countries has experienced positive economic growth?
A) Russia. B) Zimbabwe. C) Haiti. D) All of the above have seen their economies decline during this period.
According to the "misperception effect" explanation of short-run aggregate supply, firms increase output as the price level rises because they mistake the increase in overall prices for an increase in the relative price of their own output
a. True b. False Indicate whether the statement is true or false