Multiple Choice
If the price of aluminum used to make bicycles increases, the price of a bicycle rises because of a
A) rightward shift of the demand curve for bicycles.
B) rightward shift of the supply curve of bicycles.
C) leftward shift of the demand curve for bicycles.
D) leftward shift of the supply curve of bicycles.
Correct Answer:
Verified
Correct Answer:
Verified
Q15: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The figure illustrates
Q16: Auto workers negotiate a wage increase. How
Q17: The price of the steel used to
Q18: The quantity supplied of a good or
Q19: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The above figure
Q21: Which of the following decreases the supply
Q22: Demands differ from wants because<br>A) demands are
Q23: If both demand and supply increase, what
Q24: Which of the following shifts the demand
Q25: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above