A change in any of the ceteris paribus conditions for demand leads to a
A. change in supply.
B. a good going from an inferior good to a normal good.
C. shift of the demand curve.
D. movement along the demand curve.
Answer: C
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Suppose you buy 100 shares of 3M at $86 a share and sell all shares one year later for $99 a share. During the year, you earned a dividend of $2.10 a share. What was your rate of return? Report your answer in percentages with one decimal point
What will be an ideal response?
A drought in the Midwest will raise the price of wheat because of a
A) leftward shift in the supply curve. B) rightward shift in the supply curve. C) leftward shift in the demand curve. D) rightward shift in the demand curve.
The rise in agricultural discontent in the late 19th century can be best explained by
a. the rise of railroad cartels in the Midwest. b. the rise of global market forces not easily observed by the farmers. c. a decline in the value of agricultural exports from 1870 to 1900. d. predatory lending by banks, resulting in increased farm repossessions.
If the slopes of the production possibility frontiers involving sugar and rice in countries A and B are equal
A. each country will produce identical quantities of sugar and rice. B. the opportunity cost of producing sugar is less in Country A. C. specialization does not benefit either country. D. the opportunity cost of producing rice is less in Country B.