An increase in demand is represented by a
A) shift of the demand curve to the left.
B) shift of the demand curve to the right.
C) movement down the demand curve.
D) movement up the demand curve.
B
You might also like to view...
A normal good is a good for which demand
A) decreases when income increases. B) increases when income increases. C) decreases when population increases. D) increases when population increases.
Which of the following provides the foundation of the case for free trade?
a. the law of diminishing marginal utility b. the anti-dumping argument c. the industrial diversity argument d. the law of comparative advantage
Assume point A on a linear production possibilities curve represents the combination of 12 coffees and 3 cappuccinos, and point B represents 3 coffees and 6 cappuccinos. Suppose coffees are on the vertical axis and cappuccinos are on the horizontal axis. The opportunity cost of a cup of coffee is:
A. 3 cappuccinos. B. 1/3 of a cappuccino. C. 9 cappuccinos. D. 6 cappuccinos.
Reserve requirements for checking accounts are ____ those on time deposits.
A. higher than B. lower than C. the same as