An increase in product price will cause:
A. quantity demanded to increase.
B. the supply curve to shift to the left.
C. quantity supplied to decrease.
D. quantity demanded to decrease.
Answer: D
You might also like to view...
Which of the following statements is correct?
a. A central bank has absolute control over the nominal interest rate but not the real interest rate. b. A central bank has absolute control over the real interest rate but not the nominal interest rate. c. A central bank has absolute control over both the nominal and real interest rates. d. A central bank does not have absolute control over the nominal interest rate or the real interest rate.
When services are provided and financed by local rather than higher levels of government and people can move freely among governmental units,
What will be an ideal response?
Explain the efficiency wage theory
What will be an ideal response?
If the expected future earnings of a company goes down, you would expect the price of its stock to
A. rise. B. fall. C. be unaffected. D. fall to zero.