Things that cause the demand to shift?
What will be an ideal response?
1- income
2- number of buyers
3- price of related products
4- innovations
5- expectations
6-anything but price
You might also like to view...
An effluent fee is more effective when imposed on
A) the firm or producer of the product which generates pollution. B) the consumer of the product. C) neither the producer nor the consumer of the product. D) the supplier of the raw material used by the firm.
Negative income taxes have been a feature of our tax system since President Lyndon Johnson's "war on poverty" in the 1960s
Indicate whether the statement is true or false
When the firm produces zero output, its fixed cost is
a. zero b. the same as its total cost c. the same as its variable cost d. the same as its marginal cost e. infinite
In 2012, what percentage of total income in the U.S. was earned by the richest fifth of all U.S. households?
a. 20% b. 30% c. 40% d. 50%