All of the following would shift a product's demand curve except a(n):
a. increase in the price of the product
b. decrease in consumer income.
c. increase in the price of a substitute.
d. increase in the price of a complement.
a
You might also like to view...
In the new Keynesian model, expected inflation is a function of ________
A) expected future output gaps and markup shocks B) current and past inflation C) unanticipated aggregate demand shocks D) expected growth of the money supply
In short-run competitive equilibrium, which of the following is always true? a. Profit equals zero
b. Profit can be negative, zero, or positive. c. Profit can be zero or positive, but not negative. d. Profit is positive, otherwise firms would not produce.
The nationality of a company and a product is easily determined
a. True b. False Indicate whether the statement is true or false
The protection of property rights leads to
A. unemployment. B. more capital formation. C. more illiteracy. D. more poverty.