Multiple Choice
A decrease in consumer income decreases the demand for compact discs. As a result of the change to a new equilibrium, there is a(n) :
A) leftward shift of the supply curve.
B) rightward shift of the supply curve.
C) upward movement along the supply curve.
D) downward movement along the supply curve.
Correct Answer:
Verified
Correct Answer:
Verified
Q39: Which of the following is the most
Q95: Albert, Betty, Christine and David are all
Q96: An increase in consumers' incomes will have
Q97: Suppose the government imposes a per unit
Q98: A public good will:<br>A) be efficiently provided
Q99: Exhibit 4-10 Supply and demand data
Q100: Why do negative externalities like pollution result
Q103: Exhibit 4-3 Supply and demand curves <img
Q104: Price floors typically improve market efficiency.
Q124: Over a ten year period, the monthly