Refer to the figure below. Moving from demand curve D2 to demand curve D1 could be caused by a(n): 
A. increase in the product's expected future price.
B. increase in quantity supplied.
C. increase in the price of a complement.
D. increase in the price of a substitute.
Answer: C
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Table 5-1B Number of coconuts 0 1 2 3 4 Robinson’s marginal utility C $2.00 $1.88 $1.60 $1.30 If a graph of Robinson’s marginal utility were constructed from Table 5-1B, it would
A. illustrate the “law” of diminishing marginal utility. B. be a negatively sloped curve. C. illustrate a typical consumer’s satisfaction derived from consumption of consecutive units of a good. D. All of the responses are correct.
Which of these would NOT be considered a middleman in a market?
A) a produce wholesaler B) an apple farmer C) a smartphone retailer D) a fruit distributor
When crowding out occurs, interest rates typically
A. fluctuate. B. remain constant. C. decrease. D. increase.
A key issue in the presidential election of 2012 between President Obama and Mr. Romney concerned tax rates. President Obama favored increasing taxes, especially on the rich. As a result of a tax increase
A) the aggregate demand curve shifts leftward. B) the aggregate demand curve shifts rightward. C) the aggregate supply curve shifts leftward. D) the aggregate supply curve shifts rightward.