An increase in the price of good x will be accompanied by:
a. a shift in the market demand curve for good x.
b. a shift in the market demand curve for good y (a substitute for good x).
c. a movement along the market demand curve for good x.
d. both b and c.
d
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A decrease in the discount rate ________ bank reserves and ________ the money supply if banks respond appropriately to the change in the rate.
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
After a shift in the aggregate demand curve, which variable adjusts to restore general equilibrium?
A) price level B) real interest rate C) consumption spending D) investment spending
An import quota is a
a. legal limit on the quantity of a good that can be imported per year b. legal requirement that a specified percentage of a final good's value must be produced domestically c. legal requirement that exports to a certain country must exceed a specified value before that country's product may be imported d. percentage tax on an imported product e. lump-sum tax on an imported product
Which industry would be best characterized as monopolistic ally competitive?
A. Smart-phone manufacturing B. Internet-search sites C. Web design consulting D. Business cloud-computing services