When there is a decrease in demand,
A. the demand curve shifts to the right of the original demand curve.
B. the demand curve rotates clockwise.
C. the demand curve shifts to the left of the original demand curve.
D. the demand curve rotates counterclockwise.
E. a lower price has increased the amount of the good that consumers will buy.
Answer: C
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The above figure shows the U.S. market for wheat. With no international trade, the price of wheat in the United States is ________ per ton. With international trade, the price of wheat in the United States is ________ per ton
A) $700; $300 B) $500; $700 C) $500; $300 D) $14; $16 E) $16; $14
It is likely that the owners have little to do with the day-to-day management of a firm in the case of
A) partnerships only. B) proprietorships only. C) corporations only. D) partnerships and corporations.
In recent decades, the union-nonunion hourly wage differential has
A) increased substantially. B) increased slightly. C) stayed the same. D) fallen significantly.
International regulation occurs at two levels, one in which a specific government regulates the activities of individual firms operating within the country, and another in which several nations are involved
a. True b. False Indicate whether the statement is true or false