Multiple Choice
An increase in the price of good x will be accompanied by:
A) a shift in the market demand curve for good x.
B) a shift in the market demand curve for good y (a substitute for good x) .
C) a movement along the market demand curve for good x.
D) both b and c
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Under perfect competition,if an industry is characterized
Q7: Price controls<br>A)are always popular with consumers because
Q15: Per-unit transaction costs<br>A)may cause the demand and
Q18: The short-run market supply curve is<br>A)the horizontal
Q20: The excess burden of a tax is:<br>A)the
Q21: In the short run,specific taxes on a
Q21: Long-run elasticity of supply is defined as<br>A)percentage
Q26: If a 1 percent increase in price
Q27: In the short run,a sales tax is:<br>A)wholly
Q32: The market demand curve for any good