Which of the following is likely to lead to a decrease in the demand for tennis balls?
A. An increase in the expected future price of tennis balls.
B. An increase in the price of tennis racquets.
C. An increase in the price of tennis balls.
D. An increase in the price of the rubber used to make tennis balls.
Answer: B
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From the 1990s to the present, the U.S. current account balance has had a ________, and the U.S. capital and financial account balance has had ________
A) deficit; a deficit B) deficit; a surplus C) surplus; a deficit D) deficit; neither a deficit nor a surplus E) surplus; a surplus
When an economist considers welfare evaluations, he is looking at
A) whether a policy increases social welfare. B) the ability of an economy to take care of the unemployed. C) price inertia. D) new open economy macroeconomics.
A decrease in supply will cause a(n)
a. increase in demand b. decrease in demand c. increase in quantity demanded d. decrease in quantity demanded e. decrease in equilibrium price
The fact that invention is based largely on fixed costs and is a public good means that which of the following is not relevant to the process?
a. average total cost b. marginal cost c. external cost d. average variable cost