Suppose the number of buyers in a market decreases. As a result, would the demand curve in this market shift to the right or to the left?
The demand curve will shift to the left.
You might also like to view...
If a person is laid off from a job, he is considered by the Bureau of Labor Statistics to be a
A) job leaver. B) reentrant. C) job loser. D) new entrant.
A point on the demand curve shows the
A) minimum price that people are willing to pay for another unit of a good. B) dollars' worth of other goods that people must sacrifice to consume another unit of the good. C) maximum price that people are willing to pay for another unit of a good. D) consumer surplus a person gains from consuming a unit of a good. E) marginal benefit minus the consumer surplus from consuming another unit of a good.
Countries in which wages adjust rapidly to changes in the supply and demand for labor are likely to have ________ sacrifice ratio
A) an infinite B) a high C) a low D) a negative
________ in the domestic interest rate causes the demand for domestic assets to increase and the domestic currency to ________, everything else held constant
A) An increase; appreciate B) An increase; depreciate C) A decrease; appreciate D) A decrease; depreciate