A movement along the demand curve for automobiles is caused by a change in:
a. the price of automobiles. b. the price of gasoline.
c. the price of steel. d. consumers' incomes.
a
Economics
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Which of the following would cause an outward shift of the production possibilities frontier?
a. An increase in opportunity costs b. A reduction in the size of the labor force c. A reduction in inefficiency d. A change in the combination of goods produced e. An improvement in technology
Economics
Are tariffs and quotas equivalent in their economic effects? Demonstrate
What will be an ideal response?
Economics
Cyclical deficit (surplus):
What will be an ideal response?
Economics
In perfect competition:
(a) A few firms dominate the industry. (b) Firms are price makers. (c) There are many buyers but few sellers. (d) There are many buyers and sellers.
Economics