Homework Answers
A leftward shift in demand is caused by a change in variable factor like income,not by price.
Answer-C
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A decrease in demand occurs when O A. the demand curve shifts left because the price of the product changed. O B. there...
When the price level falls, aggregate demand ______. decreases and the AD curve shifts leftward does...
When the price level falls, aggregate demand ______. decreases and the AD curve shifts leftward does not change, but the quantity of real GDP demanded decreases and a movement up along the AD curve occurs does not change, but the quantity of real GDP demanded increases and a movement down along the AD curve occurs increases and the AD curve shifts rightward When Europe trades with Mexico and goes into a recession, ______.
Why does demand not change when the price of a good changes with no change in...
Why does demand not change when the price of a good changes with no change in the other influences on buying plans? Consider the demand for gym memberships The demand for gym memberships does not change when a change in occurs O A. the price of a gym membership O B. the population ° C, the expected future price of a gym membership O D. the price of bottled water (bottled water is a complement of a gym membership) An...
A movement along the demand curve occurs when a price change leads to a change in...
A movement along the demand curve occurs when a price change leads to a change in the quantity demanded. When economists talk of increasing or decreasing demand, they mean shifts of the demand curve-a change in the quantity demanded at any given price. An increase in demand causes a right ward shift of the demand curve. A decrease in demand causes a leftward shift.
If the price level increases, then O A. the aggregate demand curve will shift to the...
If the price level increases, then O A. the aggregate demand curve will shift to the left. O B. the aggregate demand curve will shift to the right. O C. there will be a movement up along a stationary aggregate demand curve. O D. none of the above will occur.
Which of the following shifts aggregate demand to the left?
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...
Question 6 When the demand curve shifts to the left, there is a decrease in demand....
Question 6 When the demand curve shifts to the left, there is a decrease in demand. True False
How will shift right in supply affect equilibrium price, assuming demand remains constant? a. increase b....
How will shift right in supply affect equilibrium price, assuming demand remains constant? a. increase b. decrease c.will not affect it d. cannot be determined According to the law of demand, if the price of a good decreases, its Qd? a. decreases b. increases c. goes to zero d. stays constant According to the income effect, price changes equal changes in? a. money income b.real income c.demand d. utility on the demand curve a chance in price leads a. no...
Concept Check Question 1.2 If the price level increases, then O A. the aggregate demand curve will shift to the lef...
Concept Check Question 1.2 If the price level increases, then O A. the aggregate demand curve will shift to the left. O B. the aggregate demand curve will shift to the right O C. there will be a movement up along a stationary aggregate demand curve. O D. none of the above will occur.
QUESTION 23 Which of the following shifts aggregate demand to the left? a. The price level...
QUESTION 23 Which of the following shifts aggregate demand to the left? a. The price level falls. b. The dollar depreciates for some reason other than a change in the price level. c. Stock prices fall for some reason other than a change in the price level. d. The price level rises. QUESTION 24 Aggregate demand shifts left when the government a. decreases taxes. b. cuts military expenditures. c. creates a new investment tax credit d. None of the above...
Question 2 (1 point) A decrease in supply shifts the supply curve to the left. True...
Question 2 (1 point) A decrease in supply shifts the supply curve to the left. True False Question 4 (1 point) The equilibrium price is the same as the market-clearing price. True False Question 5 (1 point) When the market price is above the equilibrium price, the quantity of the good demanded exceeds the quantity supplied. True False Question 6 (1 point) Which of the following events must cause equilibrium price to fall? a) demand increases and supply decreases b)...
Why does demand not change when the price of a good changes with no change in the other influences on buying plans? Consider the demand for gym memberships The demand for gym memberships does not change when a change in occurs O A. the price of a gym membership O B. the population ° C, the expected future price of a gym membership O D. the price of bottled water (bottled water is a complement of a gym membership) An...
If the price level increases, then O A. the aggregate demand curve will shift to the left. O B. the aggregate demand curve will shift to the right. O C. there will be a movement up along a stationary aggregate demand curve. O D. none of the above will occur.
Question 6 When the demand curve shifts to the left, there is a decrease in demand. True False
Concept Check Question 1.2 If the price level increases, then O A. the aggregate demand curve will shift to the left. O B. the aggregate demand curve will shift to the right O C. there will be a movement up along a stationary aggregate demand curve. O D. none of the above will occur.
Question 2 (1 point) A decrease in supply shifts the supply curve to the left. True False Question 4 (1 point) The equilibrium price is the same as the market-clearing price. True False Question 5 (1 point) When the market price is above the equilibrium price, the quantity of the good demanded exceeds the quantity supplied. True False Question 6 (1 point) Which of the following events must cause equilibrium price to fall? a) demand increases and supply decreases b)...
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