Which of the following will not shift the demand curve for televisions?
a. An increase in the price of televisions.
b. An increase in consumer income.
c. An increase in the price of radios (a substitute).
d. An increase in the price of cable service (a complement).
a
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Consider two individuals, Jesse and April, who hand paint kites and snowboards. Table 3.1 shows how much of each good Jesse and April can paint in one hour. April's opportunity cost of painting one kite is painting
A) 1/12 of a snowboard. B) 1/4 of a snowboard. C) 3 snowboards. D) 4 snowboards.
Since the 1970s, the M1 demand for money has been
A) relatively stable. B) unpredictable. C) constant. D) unmeasurable.
When a tax is imposed and some of the lost surplus becomes tax revenues, the group that benefits is:
A. consumers. B. producers. C. recipients of government services. D. Only the government benefits from that lost surplus.
A tariff will decrease the quantity supplied of a good
Indicate whether the statement is true or false