Fashion trends are a nonprice determinant for demand because
A) they cause a movement along the demand curve.
B) they influence people's tastes and preferences in clothing.
C) they change the supply of accessories.
D) they do not affect demand.
B
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What happens to the price elasticity of demand moving down along a downward-sloping, linear demand curve?
What will be an ideal response?
What is the inflation gap? What is the output gap?
What will be an ideal response?
The more bidders there are at a second-price auction,
a. the higher the expected selling price b. the higher each bidder bids c. the more each bidder will shade his bid d. the less each bidder will shade his bid
In the United States, union membership reached its peak in both numbers and percent of the labor force in the decade between 1970 and 1980
Indicate whether the statement is true or false