Refer to the above figure. For a normal good, the rightward shift of the curve could have been caused by
A) a technological improvement.
B) an increase in the cost of inputs.
C) an increase in income.
D) a decrease in income.
C
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In the market for French wines, an increase in demand is illustrated by:
A) a movement up the demand curve. B) a movement down the demand curve. C) a shift of the demand curve to the left. D) a shift of the demand curve to the right.
An unmarried couple holding joint title to their condominium constitutes a household
a. True b. False Indicate whether the statement is true or false
In which of the following years was a tax cut ineffective in stimulating aggregate demand?
a. 1964 b. 1975 c. 1981 d. 1999
A high Herfindahl-Hirshman Index indicates that an industry ______.
a. has a large number of firms b. is an oligopoly c. has perfect competition d. is competitive