All of the following, except one, would shift the demand curve for pizza makers to the right. Which is the exception?
a. a decrease in the wage rate of pizza makers
b. an increase in the demand for pizza
c. a decrease in the price of pizza ovens
d. an increase in the number of pizza parlors
e. an improvement in the technology of making pizza
A
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Apple introduced its iPhone 3G in July 2008 and within a month sales had topped 3 million units. By April 2009, more than 25,000 apps for the iPhone 3G were available in the iTunes store, an indication that in a competitive market
A) entry into the market is restricted in the short run, but becomes easier in the long run. B) the ease at which a new firm can enter a competitive market is high. C) entry into the market is blocked. D) the ease at which a new firm can enter a competitive market is low.
The trade deficits of the 1980s and 1990s reflects American desire for foreign
a. assets and foreign desire for American goods and services. b. goods and services and foreign assets. c. goods and services and foreign desire for American assets. d. assets now and foreign goods and services in the future.