A shift in the demand curve for a monopolist can cause
a. both price and quantity to change.
b. price to stay constant while the quantity changes.
c. quantity to stay constant while the price changes
d. All of the above are correct.
Answer: d. All of the above are correct.
You might also like to view...
If the pound-dollar exchange rate changes from £0.60 per dollar to £0.65 per dollar, then the pound has ________ against the dollar and the dollar has ________ against the pound
A) depreciated; depreciated B) appreciated; depreciated C) appreciated; appreciated D) depreciated; appreciated
Your best friend calls and gives you the latest stock market "hot tip" that he heard at the health club. Should you act on this information? Why or why not?
What will be an ideal response?
A firm's isoquant shows
a. the amount of labor needed to produce a given level of output with capital held constant. b. the amount of capital needed to produce a given level of output with labor held constant. c. the various combinations of capital and labor that will produce a given amount of output. d. None of the above.
Define the following terms and explain their importance to the study of macroeconomics:
a. money b. M1 c. near money d. bank run