A decrease in demand for a good could mean that
a. consumers are willing to pay a higher price for each quantity of the good
b. consumers are willing to buy larger quantities of the good at each price
c. the demand curve has undergone a parallel shift to the right
d. the demand curve has undergone a nonparallel shift to the right
e. the demand curve has shifted to the left
E
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Which of the following is likely to cause an increase in both the wage rate and the level of employment in an industry?
A) A left shift in the supply curve for labor, without any change in the demand curve for labor B) A left shift in the demand curve for labor, without any change in the supply curve for labor C) A right shift in the supply curve for labor, without any change in the demand curve for labor D) A right shift in the demand curve for labor, without any change in the supply curve for labor
Some economists have proposed a new definition of money that would better track money demand. One such measure is the MZM or "money zero maturity." What kind of items will be included in this measure?
A) Assets that have no maturity such as cash, checking accounts, and shares of stocks. B) Assets that can be converted to cash with zero penalty and securities that are issued by the U.S. government since these are virtually risk free. C) Any deposits that do not have specified maturity terms, just as long as these deposits are fairly liquid and are used by consumers to pay for transactions. D) Liquid accounts held by the public, regardless of whether they are classified as M1 or M2 and the reserves of banks that earn no interest since these could be used to create money.