A demand curve is derived from
A) the production possibilities curve.
B) consumer's income.
C) a demand schedule.
D) an equilibrium.
C
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The fact that employees often take longer lunch breaks than they are supposed to is an example of
a. the principal-agent problem. b. moral hazard. c. adverse selection. d. a golden parachute.
During 2015, a country reports aggregate planned expenditures of $5 trillion and an actual real GDP of $4 trillion. During 2015,
A) inventories are less than planned. B) inventories are greater than planned. C) actual aggregate expenditures are greater than real GDP. D) actual aggregate expenditures are less than real GDP. E) inventories are unaffected.
How is a production possibilities curve similar to a budget constraint?
What will be an ideal response?
The market demand for most goods will
A. increase if the prices of substitutes fall. B. decrease if the price of complementary goods fall. C. increase if consumers expect prices to be higher in the future. D. decrease if consumers expect the goods to become less available.