Homework Answers
29. The above given curve is a demand curve which is inversely sloped in nature .
But production Technology is related with the supply curve.
So options B and C will be ruled out.
If there is a rightward shift in which means there will be increase in income which causes consumer to buy more products
If there is a decrease in the income then there will be leftward shift
So the answer here is option A
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Question 29 (2.5 points) Refer to the above figure. The rightward shift of the curve could...
Which of the following events could have caused the demand curve to shift? Figure 2.5 Price...
Which of the following events could have caused the demand curve
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Figure 2.5 Price $10- 0 2 4 6 5 10 Quantity 75. (Figure 2.5) Which of the following events could have caused the demand curve to shift? I. The price of a substitute good decreased. II. The price of a complement good increased. III. The income of consumers increased. IV. The number of buyers in the market increased. A) B) C) D) I, II, III and IV...
what are the right answers Question 7 0/1 point A rightward shift in the supply curve...
what are the right answers
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Po Si In the above figure, assume that the supply curve moves from So to S...
Po Si In the above figure, assume that the supply curve moves from So to S and the demand curve remains at Do. What could have caused this shift? An increase in the cost of an input in the production of the product. An advancement in the technology for producing the product. An increase in the price of a complement An increase in the price of a substitute
Question 38 A contractionary fiscal policy is shown as a: rightward shift in the economy's aggregate...
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If the price of a DVD falls, i. the demand curve for DVDs will shift rightward....
If the price of a DVD falls, i. the demand curve for DVDs will shift rightward. ii. the demand curve for DVDs will not shift. iii. there will be a movement along the demand curve for DVDs. Select one: A. i only d B. ii only C. iii only D. ii and i E. i and iii O Which of the following increases the supply of petrol? Select one: O A. A decrease in the price of a resource used...
Figure 15-3 27) Refer to Figure 15-3. In the figure above, the movement from point A...
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Which of the following events could have caused the demand curve
to shift?
Figure 2.5 Price $10- 0 2 4 6 5 10 Quantity 75. (Figure 2.5) Which of the following events could have caused the demand curve to shift? I. The price of a substitute good decreased. II. The price of a complement good increased. III. The income of consumers increased. IV. The number of buyers in the market increased. A) B) C) D) I, II, III and IV...
what are the right answers
Question 7 0/1 point A rightward shift in the supply curve indicates a shift in the demand curve also (because demand must equal supply). that an increase in income results in an increase in the quantity demanded at each price. that more is demanded at each price. an increase in the quantity supplied at each price. a decrease in the quantity supplied at each price. Question 8 0/1 point Economists say there has been a...
Po Si In the above figure, assume that the supply curve moves from So to S and the demand curve remains at Do. What could have caused this shift? An increase in the cost of an input in the production of the product. An advancement in the technology for producing the product. An increase in the price of a complement An increase in the price of a substitute
Question 38 A contractionary fiscal policy is shown as a: rightward shift in the economy's aggregate demand curve. rightward shift in the economy's aggregate supply curve. movement along an existing aggregate demand curve. leftward shift in the economy's aggregate demand curve. Question 39 An appropriate fiscal policy for a severe recession is: a decrease in government spending. a decrease in tax rates. appreciation of the dollar. an increase in interest rates.
If the price of a DVD falls, i. the demand curve for DVDs will shift rightward. ii. the demand curve for DVDs will not shift. iii. there will be a movement along the demand curve for DVDs. Select one: A. i only d B. ii only C. iii only D. ii and i E. i and iii O Which of the following increases the supply of petrol? Select one: O A. A decrease in the price of a resource used...
Figure 15-3 27) Refer to Figure 15-3. In the figure above, the movement from point A to point B in the money market would be caused by A) an increase in the price level. B) a decrease in real GDP C) an open market sale of Treasury securities by the Federal Reserve. D) a decrease in the required reserve ratio by the Federal Reserve. 28) If the Fed buys Treasury bills, this will hopefully shift the A) money supply curve...
Price (dollars per pizza) Quantity (millions of pizzas per year) In the above figure, the shift in the supply curve from Sto S, reflects Select one: A. an increase in the supply of pizza. O B. an increase in the quantity of pizza supplied. O C . a decrease in the quantity of pizza supplied. O O D. a decrease in the supply of pizza E. None of the above answers is correct. Two brands of water, Natural Water and...
Question 25 (2.5 points) Which of the following would cause a downward shift in the consumption function? a tax decrease an increase in wealth a stock market crash a decrease in the price level expectations of higher future income Question 26 (2.5 points) According to supply-side economists, the by curve will shift to the caused AD; right; more investment AD; left; more saving AS; right; more investment AS; left; more saving money supply; right; lower interest rates Question 28 (2.5...
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