A decrease in the price of a good will cause a leftward shift of the demand curve, if it is a normal good

a. True
b. False


B

Economics

You might also like to view...

What is the euro and why has it been created? How has its value changed relative to the U.S. dollar since its inception?

Economics

When spending by the federal government exceeds net taxes, _____

Fill in the blank(s) with the appropriate word(s).

Economics

An economy in which output has decreased and prices have increased would suggest that there has been a:

A. negative demand side shock. B. negative supply side shock. C. positive demand side shock. D. positive supply side shock.

Economics

The Italian economy can be characterized by Equation 24.1.EQUATION 24.1:C = 300 + 0.8Yd G = 400T = 200I = 200Refer to Equation 24.1. At the equilibrium level of output in Italy, consumption equals

A. $3,100. B. $3,250. C. $3,400. D. $3,625.

Economics