An increase in demand is shown graphically by
A) a shift of the demand curve to the left.
B) a movement up along the existing curve.
C) a shift of the demand curve to the right.
D) a movement down the existing curve.
C
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Which of following was a period of below-average economic growth in the United States?
A) the 1920s B) the 1960s C) the 1930s D) all of the above
Both opponents of and proponents of government intervention most likely would agree with which of the following?
A. The market is inherently fair. B. Property rights eliminate the need for government. C. Property rights must exist for a market to operate. D. Government can and does create proper incentives to correct for externalities.
Suppose that the market for corn is perfectly competitive. If corn farmers are currently generating losses, then we would expect that in the long run the market
A. supply curve will shift to the left. B. supply curve will shift to the right. C. demand curve will shift to the right. D. demand curve will shift to the left.
Nontariff barriers to trade are less transparent than tariffs
Indicate whether the statement is true or false