If one day it was discovered that lime juice caused cancer, which of the following would likely result?
A. The demand curve for lime juice would shift to the right.
B. The demand curve for lime juice would shift to the left.
C. The supply curve for lime juice would shift to the right.
D. The supply curve for lime juice would shift to the left.
Answer: B
You might also like to view...
In order to analyze the factors that determine the quantity of real GDP demanded, in the aggregate expenditure model we assume that
A) real GDP does not change. B) the unemployment level is fixed. C) the inflation rate is assumed to equal the natural unemployment rate. D) the natural rate of unemployment is fixed. E) the price level is fixed.
Which of the following adopted reforms that have substantially improved their economic freedom rating since 1980?
a. Ireland b. Zimbabwe c. Venezuela d. Republic of Congo
Perfectly competitive markets are characterized by a. conditions that discourage new firms from entering the market
b. conditions that allow firms to determine how much they wish to produce, without influencing the market price. c. conditions that presume that each firm produces a unique product. d. conditions that force firms to advertise their product heavily, to compete with other producers.
For monetarists, the main cause of economic fluctuations is represented by changes in
a. the levels of household debt. b. investment. c. the growth rate of the quantity of money. d.consumption expenditure.