Refer to the above figure. The rightward shift of the curve indicates
A. an increase in quantity demanded.
B. a decrease in demand.
C. an increase in demand.
D. a decrease in quantity demanded.
Answer: C
You might also like to view...
From 2013 to 2014, the CPI for medical care increased from 150 to 159 . What was the inflation rate for medical care?
a. 5.7 percent b. 6.0 percent c. 9.0 percent d. 59.0 percent
Action taken by the Fed to reduce the money supply will tend, all other things unchanged,
A) to reduce investment. B) to increase investment. C) to have no effect on net exports. D) to increase real GDP and the price level.
The direct exchange of goods and services for other goods and services is known as
A. barter. B. purchasing power. C. remediation. D. intermediation.
With defined property rights, an externality
A. will not lead to a misallocation of resources. B. must lead to society producing inside its production possibilities frontier. C. may be internalized with voluntary contracting, under certain circumstances. D. can only be corrected with government intervention.