The market demand curve for a given good shifts when there is a change in any of the following factors EXCEPT
A. the level of consumers' income.
B. the price of the good.
C. the tastes of consumers.
D. the prices of goods related in consumption.
Answer: B
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? A country would tend to experience currency appreciation relative to other countries if:
a. the profitability of investments within the country increases relative to the rest of the world. b. people in the foreign currency markets expect the value of the currency to rise in the near future. c. the foreign demand for its exports increases. d. all of the above
Assume the demand schedule for cookies is downward sloping. If the price of cookies falls from $2.50 to $2.25 per dozen: a. the demand for cookies will fall
b. the demand for cookies will rise. c. a larger quantity of cookies will be demanded. d. a smaller quantity of cookies will be demanded.
The largest part of national income is: # randomize
A. Consumption B. Investment C. Saving D. Transfer payments
A good example of central planning at work in the U.S. is:
A. unions working with businesses to establish wages. B. car manufacturers establishing suggested retail prices. C. McDonald's fries being the same everywhere. D. New York City's rent control program.