The money demand curve will shift to the right when which of the following occurs?
A) an increase in income
B) a reduction in the interest rate
C) an increase in the money supply
D) all of the above
E) none of the above
A
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The flatter the demand curve passing through a given point, the less elastic the demand curve at that point
a. True b. False Indicate whether the statement is true or false
Since monopolists that practice price discrimination generally increase market output, compared to a monopoly that charges a single price, practicing price discrimination generally leads to a smaller deadweight loss
a. True b. False Indicate whether the statement is true or false
When the Mexican peso gets "stronger" relative to the dollar,
a. the U.S. trade deficit with Mexico rises. b. the U.S. trade deficit with Mexico falls. c. the U.S. trade deficit with Mexico is unchanged. d. None of the above necessarily happens.
Refer to the graph below. At equilibrium, the total maximum amount that consumers would have been willing to pay for the product is represented by the area:
The equilibrium point in the market is where S and D curve intersect.
A. a + b
B. a + b + c
C. a
D. b + c