Refer to Figure 3-1. An increase in population would be represented by a movement from
A) A to B. B) B to A. C) D1 to D2. D) D2 to D1.
C
You might also like to view...
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
The law of demand implies that, other things remaining the same,
A) as the price of a cheeseburger rises, the quantity of cheeseburgers demanded increases. B) as the demand for cheeseburgers increases, the price of a cheeseburger falls. C) as the price of a cheeseburger rises, the quantity of cheeseburgers demanded decreases. D) as more people demand cheeseburgers, the quantity demanded increases. E) as income increases, the quantity of cheeseburgers demanded increases.
What is the economic problem?
What will be an ideal response?
Assuming coffee and tea are substitutes, a rise in the price of coffee will have which of the following effects on the market for tea?
a. A movement up along the tea demand curve. b. A movement down along the tea demand curve. c. A leftward shift in the tea demand curve. d. A rightward shift in the tea demand curve.