Other things remaining same, a right shift in the demand curve will lead to:
A) a decrease in the equilibrium price and the equilibrium quantity.
B) a decrease in the equilibrium price and an increase in the equilibrium quantity.
C) an increase in the equilibrium price and the equilibrium quantity.
D) an increase in the equilibrium price and a decrease in the equilibrium quantity.
C
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Russia borrowed funds from the International Monetary Fund in 1989 in exchange for agreeing to undertake certain changes. However, after receiving the funds, Russia spent the funds on other things, making the loan repayment more unlikely to occur
This situation is referred to as A) asymmetric information. B) deceptive knowledge. C) moral hazard. D) adverse selection.
The Internet might alter incentives of firms in locating their stores
Indicate whether the statement is true or false
Which is not an essential characteristic of a perfectly competitive market?
A. Goods are standardized. B. Buyers have perfect information. C. Goods from one seller cannot be distinguished from another's. D. Firms have limited market power.
Marginal damages are hard to measure because
A. they can be generated from multiple sources. B. they are hard to graph. C. they happen over time. D. no one cares about them.