Assuming coffee and cola are substitutes, if the price of coffee rises
A) there is a movement along the demand curve for cola.
B) the demand curve for coffee will shift to the right.
C) the demand curve for cola will shift to the right.
D) the demand curve for coffee will shift to the left.
C
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According to this Application, one solution proposed to deal with the rising expenses of government entitlement programs is to raise taxes. An increase in taxes to help cover the rising expenses of entitlement programs would
A) increase aggregate demand, shifting the AD curve to the left. B) decrease aggregate demand, shifting the AD curve to the left. C) decrease aggregate demand, shifting the AD curve to the right. D) increase aggregate demand, shifting the AD curve to the right.
Purchasing a profitable supplier increases profits only if
a. You pay equal to the company's discounted future profits b. You pay higher than the company's discounted future profits c. You pay lower than the company's discounted future profits d. None of the above
A . What is a consent decree? b. Why would the FTC agree to a consent decree? c. What is the problem with consent decrees?
If large numbers of young Americans thought the life of a cowhand was great (despite the hardships), we would expect
a. an increase in the wages of cowhands. b. a decrease in the wages of cowhands because demand would be reduced. c. no impact on wages, which are determined by supply and demand, not preferences. d. a decrease in the wages of cowhands because supply would be enlarged.