In a typical college town, when students go home for the summer, the demand for many items such as pizza and textbooks
a. decreases, which is a shift to the left of the demand curves for these goods.
b. decreases, which is a shift to the right of the demand curves for these goods.
c. increases, which is a shift to the left of the demand curves for these goods.
d. increases, which is a shift to the right of the demand curves for these goods.
A
You might also like to view...
The table below shows the weekly supply for hamburgers in a market where there are just three sellers.PriceSeller 1 Qs 1Seller 2 Qs 2Seller 3 Qs 3$58544643343222211 If there were 300 sellers in the market, each with a supply schedule identical to seller 1 in the table above, then the weekly quantity of hamburgers supplied in the market at a price of $2 would be
A. 900. B. 1,500. C. 600. D. 200.
All of the following characteristics are common to both monopolistic competition and perfect competition except
A) firms act to maximize profit. B) firms take market prices as given. C) entry barriers into the industries are low. D) the market demand curves are downward-sloping.
Over the period 1890-2014, Japan experienced a 2.59 percent average annual growth rate of real GDP per person
a. True b. False Indicate whether the statement is true or false
Blenders Anytime produces kitchen products and has issued 20,000 shares of stock. Skip has 10,000 shares of Blenders’ common stock. Melda has 1,000 shares of its common stock. If Skip gets $1,000 from today’s dividend payment, how much money does Melda get?
a. $1 b. $10 c. $100 d. $500