An increase in the price of pork will lead to
A) a movement up along the demand curve.
B) a movement down along the demand curve.
C) a rightward shift of the demand curve.
D) a leftward shift of the demand curve.
A
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Explain the source of monopoly power for DeBeers' Diamond Mine in South Africa, Microsoft (owned by Bill Gates), the American Medical Association (which licenses doctors), Polaroid's Instant Picture Cameras, USAir (which owns virtually all the gates at the airport in Charlotte, North Carolina), and electric utilities
Which of the following statements is consistent with the theory of liquidity preference?
What will be an ideal response?
A firm that makes zero economic profits
A. Covers all its costs, including a provision for normal profit. B. Incurs an accounting loss if fixed costs are greater than variable costs. C. Must eventually go bankrupt and exit the industry. D. Does not cover its variable costs and should shut down in the short run.
Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. lower; higher D. higher; potential