All of the following could shift the demand curve except
A. a change in the price of substitutes.
B. a shift of the supply curve.
C. a rise in income.
D. a rise in population that buys the good.
B. a shift of the supply curve.
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One should be wary of consultants peddling best practices or secrets to success because
a. They have different incentives than you do b. Such best practices are public knowledge and easily duplicated c. These best practices can at best only provide temporary profitability d. All of the above
In which regions do recessions, or economic downturns, hit the hardest?
a. Regions that produce more consumer goods. b. Regions that produce more nondurable goods. c. Regions that provide more financial services. d. Regions that produce more capital goods and rely on more housing construction.
With respect to your grades in your accounting and economics? classes, a? one-to-one trade-off means that the opportunity cost of receiving one grade higher in accounting? (for example, improving from a D to a? C) is one grade lower in economics? (falling from a B to a? C).
a. true b. false
Studies of real world markets suggest that prices and the number of firms of comparable size in a market are:
A. positively related. B. negatively or inversely related. C. not related. D. sometimes negatively or inversely related, but usually positively related.