If butter is a substitute for margarine, then an increase in the price of butter would be likely to cause
a. a rightward shift in the demand for margarine
b. a leftward shift in the demand for margarine
c. the quantity demanded of margarine to increase
d. the quantity demanded of margarine to decrease
e. a decrease in the price of margarine
A
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The derived demand for an input decreases when
A. the price of the input increases. B. the price of the output increases. C. the price of the input decreases. D. the price of the output decreases.
The expected rate of change in the nominal dollar/euro exchange rate is best described as
A) the expected rate of change in the real dollar/euro exchange rate minus the U.S.-Europe expected inflation difference. B) the expected rate of change in the real dollar/euro exchange rate plus the U.S.-Europe real interest rate difference. C) the expected rate of change in the real dollar/euro exchange rate plus the U.S.-Europe expected inflation difference. D) the expected rate of change in the real dollar/euro exchange rate minus the U.S.-Europe real interest rate difference. E) the expected rate of change in the real dollar/euro exchange rate plus the European expected inflation.
How do exchanges seek to reduce default risk in the futures market?
What will be an ideal response?
What is another term for total surplus?
a. efficiency b. consumer surplus c. social surplus d. deadweight loss