Which of the following would lead to a rightward shift in the demand curve for golf balls?
a. An increase in the price of golf clubs
b. A decrease in the popularity of golf
c. An increase in the number of golfers
d. A decrease in the price of golf balls
e. An increase in the golf club membership fee
c
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"If the inflation rate is positive, then the real interest rate is greater than the nominal interest rate." Is the previous statement correct or incorrect? Explain your answer
What will be an ideal response?
Which of the following statements is true?
A) A monopolist's product often has close substitutes. B) Firms under perfect competition produce differentiated products. C) Firms under monopolistic competition produce identical products. D) Firms under oligopoly produce either identical or differentiated products.
A sales tax applied to a foreign good or service is known as a(n)
a. progressive tax b. unit tax c. excise tax d. external tax e. customs duty
An inferior good is one that consumers buy in smaller quantities when incomes rise
a. True b. False Indicate whether the statement is true or false