A decrease in quantity demanded
a. results in a movement downward and to the right along a demand curve.
b. results in a movement upward and to the left along a demand curve.
c. shifts the demand curve to the left.
d. shifts the demand curve to the right.
b
You might also like to view...
The classical theory predicts that
A) countries will completely specialize in the production of export goods. B) considerable trade will occur between countries with different levels of technology. C) small countries could obtain all of the gains from trade when trading with large countries. D) All of the above.
When the Dutch East India Company was founded in 1602, it raised financial capital by issuing notes of indebtedness called
A) stocks. B) bonds. C) funds. D) notes.
The school of economic thought which argues that through tax reductions, and deregulation, government creates the proper incentives for the private sector to increase aggregate supply is known as the:
A. rational expectations school. B. neo-Keynesian school. C. supply-side school. D. classical school.
If the firm were a perfect competitor in the long run, how much would its output be?
