A change in the composition of the population will generally
a. change demand only if there is a change in the size of the population
b. change demand only if there is no change in the size of the population
c. change demand even if there is no change in the size of the population
d. have absolutely no effect on demand
e. result in a movement along the demand curve
C
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Answer the question based on the following information on the banking system. Deposits at the central bank = 200 U.S. Government Securities = 600 Checking Deposits = 1,700 Loans = 800 Stockholder's Equity = 70 Other Assets = 450 Other Liabilities = 230 Borrowing from the central bank = 100 Cash in the Vault = 50 The reserve ratio on transactions deposits = 10% The banking system's excess reserves
equal: a. 0 b. 134 c. a multiple of 250 d. 1,584 e. None of the above is correct
Which of the following best expresses the law of demand?
What will be an ideal response?
The concept of opportunity cost is based on the principle of
A. scarcity. B. consumption. C. need. D. profit.
Demand-side market failures refer to those situations when there is a shortage in the market because buyers want to buy more than what is available in the market.
a. true b. false