The demand curve for running shoes has shifted to the right. What could have caused it?
What will be an ideal response?
an increase in the income of buyers of running shoes
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If orange juice prices double next year, there will be a
A. rightward shift in the demand for grapefruit juice. B. rightward shift in the supply of grapefruit juice. C. leftward shift in the supply of grapefruit juice. D. leftward shift in the demand for grapefruit juice.
________ goods are most often greenwashed.
A) Food products B) Experience C) Inspection D) Credence
In the long run in a perfectly competitive market:
A. firms earn positive economic profits. B. firms operate at an efficient scale. C. supply is perfectly inelastic when all firms have the same cost structure. D. All of these are true.
According to the World Bank, roughly 800 million people are classified as being in ________ poverty.
A. extreme B. subsistence C. tremendous D. severe