If government regulations forced companies to purchase new pollution control technology, ______.
a. the supply curve would shift to the left
b. the demand curve would shift to the left
c. production would be increased
d. equilibrium price would be lower
a. the supply curve would shift to the left
You might also like to view...
Which of the following economic perspectives for decision making is a statement that describes the world as it is?
a. Positive statement b. Normative statement c. Cognitive statement d. Reflective statement
As income falls, the demand for inferior goods
A. rises. B. falls. C. stays about the same.
The major coordination tasks can be summarized with the questions
A. who, what, when, where. B. how, what, for whom. C. how, what, why. D. how, why, for whom. E. who, how, what.
If the cross-price elasticity of demand for goods A and B is zero, this means the two goods are unrelated
Indicate whether the statement is true or false