A market demand curve shows how the total quantity demanded of a good varies as
a. income varies.
b. price varies.
c. price of the nearest substitute good varies.
d. supply varies.
b
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Which of the following is an example of a product that is excludable and rival?
A) a motorcycle B) the court system C) Western lowland gorillas D) a NASCAR event
Refer to Figure 2-18. Which two arrows in the diagram depict the following transaction: Myrna earns $450 for working at HempHill's Drug Store
A) J and M B) K and G C) K and M D) J and G
Which of the following would shift the investment demand curve rightward?
a. A decrease in business taxes. b. A tax credit for new investment. c. Firms move from unused capacity to full capacity. d. All of these.
A sales tax is usually considered to be a
A. flat tax. B. regressive tax. C. progressive tax. D. proportional tax.