Which of the following will not cause the demand curve for athletic shoes to shift?
What will be an ideal response?
A decrease in the price of athletic shoes
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Select the phrase that correctly completes the following statement. "A decrease in the expected future price caused an increase in the supply of smartphones. As a result,
A) the price of smartphones decreased and the demand for smartphones increased." B) the price of smartphones decreased. The lower price caused the supply of smartphones to decrease." C) the price of smartphones decreased and the quantity of smartphones demanded increased." D) the equilibrium quantity of smartphones decreased."
If average total cost is rising
A) marginal cost is above average total cost. B) marginal cost is rising. C) marginal product is rising. D) marginal cost is above average total cost and is falling.
Suppose the Fed buys $100,000 of U.S. Treasury bonds from Bill Gates. If the reserve requirement is 10 percent, the currency holdings of the public are unchanged, and banks have zero excess reserves both before and after the transaction, the total impact on the money supply will be
a. an increase by $100,000. b. an increase by $1,000,000. c. a decrease by $100,000. d. a decrease by $1,000,000.
Suppose Johnson's Rubber Factory belches black smoke into the air over the city of Bellowsville. If the city of Bellowsville attempts to internalize the external costs associated with the production of rubber with a pollution tax, then we expect:
A. at each price, a smaller quantity of rubber will be supplied by Johnson's Rubber Factory. B. at each price, a larger quantity of rubber will be supplied Johnson's Rubber Factory. C. Johnson's Rubber Factory will not change the amount of rubber supplied at each price. D. Johnson's production costs not to change.