Multiple Choice
In 1966, the Catholic Church eliminated the centuries-old requirement that members abstain from eating meat on Fridays.Catholics customarily ate fish on Friday.Following this removal, there was a 12.5 percent fall in prices of fresh fish.From this, it can be deduced that the
A) demand curve for fish shifted to the left.
B) demand curve shifted to the right.
C) supply curve shifted to the left.
D) supply curve shifted to the right.
Correct Answer:
Verified
Correct Answer:
Verified
Q33: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt=" -Throughout history, governments
Q34: Last year, 1,000 cases of cough syrup
Q35: Over the previous year, 2,000 boxes of
Q36: If an increase in income results in
Q37: Black markets are frequent occurrence in markets
Q39: Price ceilings generally do not lead to
Q40: Governments can eliminate market surpluses through the
Q41: At equilibrium, the market will clear, with
Q42: When a demand schedule is drawn as
Q43: When there is an increase in demand,<br>A)the