A decrease in quantity demanded
a. illustrated by a movement downward and to the right along a demand curve.
b. illustrated by a movement upward and to the left along a demand curve.
c. shifts the demand curve to the left
d. shifts the demand curve to the right.
b
You might also like to view...
President Obama is an advocate of free trade, but which of the following actions is contrary to free trade?
A. closing the Cuban prison B. not getting the immigration problem solved. C. imposing a 35% tax on imported tires. D. implementing the stimulus plan.
Figure 4.3 illustrates the demand for tacos. A decrease in the demand for tacos is represented by the movement from:
A. point a to point b. B. point c to point b. C. D2 to D1. D. D0 to D1.
As firms hire additional units of labor, eventually the marginal revenue product will always increase.
Answer the following statement true (T) or false (F)
Examine Figure 36.1, which shows the market for K-12 education in an economy. If K-12 education is completely subsidized, ________ students will be educated.
A. 40,000 B. 20,000 C. 40,640 D. 10,340