In general, a fine on selling a product leads to the
A) supply curve shifting rightward.
B) supply curve shifting leftward.
C) demand curve shifting rightward.
D) demand curve shifting leftward.
B
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Service sector outputs could be expected to increase in price less than industrial sector outputs as an economy grows.
Answer the following statement true (T) or false (F)
The above figure shows the demand and cost curves for a monopolist. What is the maximum economic profit this firm can make?
A) zero B) $400 C) $100 D) $200
Inflation
A. increases the real value of the debt. B. has no impact on the debt. C. decreases the real value of the debt. D. is always factored into any calculations of deficits or surpluses.
Neuroeconomics is a new field of economics motivated by the speculation that studying the human neural system can lead to:
A. a true mathematical model of utility theory. B. a unified theory of decision making. C. better laboratory experiments. D. tenure.