Which of the following events would result in an increase in the demand for natural gas, causing the demand curve to shift outward?
A. A decrease in the price of electricity
B. An increase in the price of furnaces
C. An increase in the price of heating oil
D. A decrease in the price of natural gas
Answer: C
You might also like to view...
The difference between bid (buying) rates and ask (selling) rates is called the
A) profit. B) arbitrage. C) spread. D) forward transaction.
One attitude shift in the United States is that people are beginning ___________ at an earlier age
a. Travel planning b. Career planning c. Retirement planning d. Estate planning
The marginal product of labor is the
a. value marginal product of labor multiplied by the price of the good produced. b. total output of labor divided by the quantity of labor used. c. additional output resulting from employing one additional unit of labor. d. same as the marginal revenue product of labor in price-taker markets.
A bond has a face value of $10,000, a price of $12,000, and coupon payments of $2000 for two years. The current yield of this bond is
A) 10%. B) 16.7%. C) 20%. D) 30%. E) none of the above