Which of the following does NOT cause a shift in demand?
A) change in income
B) change in tastes
C) change in the price of the good
D) change in the price of a related good
C
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Cross-price elasticity of demand is
A. negative for substitute goods. B. positive for general goods. C. negative for complementary goods. D. unitary for secondary goods.
The purpose of the Horizontal Merger Guidelines developed by the Department of Justice and the FTC is to prevent customers from being harmed by the increased market power that might result from a merger of two or more firms
Indicate whether the statement is true or false
The population parameter in the null hypothesis _____.?
A. ?is always greater than zero B. ?is always equal to zero C. ?is always less than zero D. ?is not always equal to zero
CAFE standards, which set fuel efficiency standards that automakers must meet, are an example of what type of energy conservation?
A. A command-and-control approach B. A negative externality C. A normal market response D. A market-based approach