An increase in the number of consumers in a market would cause
A. an increase in demand.
B. an increase in quantity demanded.
C. an increase in quantity supplied.
D. an increase in supply.
Answer: A
You might also like to view...
Use the following table to answer the question below.Giovanni's Production Possibilities ScheduleJorge's Production Possibilities SchedulePounds of Green BeansPounds of CornPounds of Green BeansPounds of Corn02400480301802036060120402409060601201200800Giovanni's opportunity cost of producing 1 pound of green beans is ________ pound(s) of corn. Jorge's opportunity cost of producing 1 pound of green beans is ________ pound(s) of corn.
A. 1/6, 1/2 B. 6,2 C. 1/2,1/6 D. 2,6
Firms in a perfectly competitive market achieve both allocative and productive efficiency in the short run
a. True b. False
An improvement in technology would shift which of the following curve(s)?
a. aggregate demand and short-run aggregate supply b. only the short-run aggregate supply c. only the aggregate demand d. short-run and long-run aggregate supply
If a firm's production process exhibits increasing returns to scale, then doubling all the firm's inputs will lead output to ________.
A. less than double. B. fall by one-half. C. more than double. D. double.