Any factor that shifts the demand curve to the left but does not affect the supply curve will lower the equilibrium price and raise the equilibrium quantity
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Refer to the figure above. What is the consumer surplus before Lithasia opens up to free trade?
A) $3 B) $12 C) $18 D) $22
The interest rate charged on overnight loans of reserves between banks is the
A) prime rate. B) discount rate. C) federal funds rate. D) Treasury bill rate.
An economist left her $100,000-a-year teaching position to work fulltime in her own consulting business. In the first year, she had total revenue of $200,000 and business expenses of $150,000 . She made a (an):
a. economic profit. b. accounting loss but not an economic loss. c. implicit profit. d. economic loss.
A clear _____ shifts the production possibilities frontier (PPF) outward.
Fill in the blank(s) with correct word