The demand curve for coffee shifts
a. only when income changes.
b. when a determinant of the demand for coffee other than the price of coffee changes.
c. when the price of coffee changes.
d. Both b and c are correct.
b
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When Twitter sells newly issued shares of stock this is an example of
A) indirect finance in a primary market. B) direct finance in a primary market. C) direct finance in a secondary market. D) indirect finance in a secondary market.
The above figure shows the payoff matrix facing an incumbent firm and a potential entrant. What policy could government adopt to prevent entry deterrence by the incumbent?
A) production quotas B) price ceiling C) safety standards D) None of the above is correct.
The worst financial crisis in history was the:
A. Great Crash of 1929. B. South Seas bubble. C. Great Recession. D. housing bubble of 2007.
A U.S. firm that buys ______ goods must sell its ______ to pay for those goods.
a. Chinese; Chinese currency to obtain U.S. dollars b. Mexican; U.S. dollars to obtain Chinese currency c. Chinese; U.S. dollars to obtain Chinese currency d. Mexican; Chinese currency to obtain U.S. dollars