Which of the following will shift the demand curve for a good?

A) a change in the technology used to produce the good
B) a decrease in the price of a complementary good
C) an increase in the price of the good
D) a decrease in the price of the good


B

Economics

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Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 

A. D; C B. B; C C. B; A D. D; B

Economics

Voluntary exchange between buyers and sellers generates ________ in a market economy

A) productive efficiency B) allocative efficiency C) scarcity D) equity

Economics

Which of the following statements is the MOST accurate? In general

A) the monetary approach to the exchange rate is a long run theory. B) the monetary approach to the exchange rate is a short run theory. C) the monetary approach to the exchange rate is both a short and long run theory. D) the monetary approach to the exchange rate neither long run nor short run theory. E) the monetary approach to the exchange rate is considered less practical than the law of one price.

Economics

After paying admission and entering King's Island Amusement Park near Cincinnati, Alan Fujiwara sees a list of waiting times for each attraction and ride. At this point, Alan's marginal dollar cost is

a. zero and so are the marginal time costs of each attraction or ride b. zero, so he will base his next move on the marginal time costs of each attraction or ride c. greater than zero based on the admission price, so he will base his next move on the marginal time costs of each attraction or ride d. greater than zero based on the admission price, so he will ignore the marginal time costs of each attraction or ride e. less than zero and so are the marginal time costs of each attraction or ride

Economics