Answer : The answer is option B.
On Valentine's day the demand for roses increase. When demand increase then the demand curve shift to rightward. As a result, the price level go up. Therefore, option B is correct.
Due to a demand curve which the prices of roses could be expected to go_on Valentine's Day O shifts left; down shifts...
In April 2020, international oil prices fell down drastically, due to two major reasons, including the oil supply war going on between Saudi Arabia and Russia as well as the Covid-19-driven global crisis. Imagine a standard supply-demand model for the international price of oil. Which of the two curves (supply and/or demand) in your model need to shift in order to explain the observed drastic reduction in the oil prices due to the two above events? In which direction do...
A decrease in demand occurs when O A. the demand curve shifts left because the price of the product changed. O B. there is a movement down along the demand curve which will occur when the price of the product increases O C. the demand curve shifts left because a variable other than the price of the product changed O D. there is a movement down along the demand curve which will occur when a variable other than the price...
21. If the supply curve shifts to the right and the demand curve shifts to the left which factor causes those shifts? A. Decrease in expected inflation B. Increase in expected inflation C. Business cycle boom D. Business cycle recession
Which of the following shifts aggregate demand to the left? a. Interest rates fall. b. Stock prices fall for some reason other than a change in the price level. c. The dollar depreciates for some reason other than a change in the price level. d. The price level rises. Which of the following shifts aggregate demand right? a. both a decrease in the price level and the implementation of an investment tax credit b. a decrease in the price level but not the implementation of an investment...
If advertising is successful, Multiple Choice The demand curve shifts to the left The demand becomes more elastic The demand curve shifts to the left, and demand becomes more price-elastic The demand curve shifts to the right and becomes steeper
Which of the following is true? An increase in structural unemployment shifts the Phillips curve to the left and an increase in inflation expectations shifts the Phillips curve down. 0 An increase in structural unemployment shifts the Phillips curve to the right and an increase in inflation expectations shifts the Phillips curve down. 0 An increase in structural unemployment shifts the Phillips curve to the left and an increase in inflation expectations shifts the Phillips curve up. O An increase...
How would an increase in household's desire to save impact aggregate demand and the DD curve? O A Aggregate demand shifts up, the DD curve shifts to the right. O B Aggregate demand shifts up, the DD curve shifts to the left. O C Aggregate demand shifts down, the DD cuve shifts to the right. O D Aggregate demand shifts down, the DD curve shifts to the left.
Demand increases(shifts up to the right) Demand falls (shifts down to the left) Supply increases(shifts to the right) Supply falls (shifts to the left) Consider the market for electricity. Would each of the following factors increase demand, reduce demand, increase supply, or reduce supply in the market for electricity? Mark one answer in each row. Consumers’ incomes rise. The price of natural gas rises. (This is used as a fuel in homes and in power generation.) Consumers buy more energy-efficient appliances. The government...
if the supply curve shifts to the right we move up and to the left on the demand curve. true or false
3. Suppose a straight-line, downward-sloping demand curve shifts right due to an increase in consumer preferences. Is the price elasticity of demand higher, lower, or the same between any two prices on the new (higher) demand curve than on the old (lower) demand curve?