Which of the following would cause the demand curve for rice to shift to the left?
a. A rise in the price of rice.
b. A blight that destroyed 75% of the rice harvest.
c. A report claiming that the starch in rice causes heart disease.
d. A tariff that doubles the price of imported spaghetti.
c. A report claiming that the starch in rice causes heart disease.
You might also like to view...
If the demand for its product is inelastic, a monopoly's
A) total revenue increases when the firm lowers its price. B) total revenue is unchanged when the firm lowers its price. C) marginal revenue is negative. D) marginal revenue is equal to zero.
Which of the following is subject to double taxation?
A) income earned by people in the lowest tax bracket B) Social Security income C) dividends and retained earnings D) income earned by government employees
Human capital includes the tools and equipment that human beings work with
a. True b. False Indicate whether the statement is true or false
Causes of the decline in the U.S. men's labor-force participation rate over the past several decades include young men now staying in school longer than their fathers and grandfathers did, older men now retiring earlier and living longer, and more fathers now staying at home to raise their children
a. True b. False Indicate whether the statement is true or false