As the baby boom ended, fewer families had young children and, as a consequence, the
a. demand curve for preschool services shifted outward
b. demand curve for preschool services shifted inward
c. supply curve for preschool services shifted outward
d. supply curve for preschool services shifted inward
e. supply and demand curves for preschool services remained constant
B
You might also like to view...
Why is it impossible to make everyone better off in the long run by imposing import restrictions?
What will be an ideal response?
You own stock worth an estimated $1 million in the LPL corporation. In addition, you have personal assets worth another $2 million. LPL becomes insolvent, with debts exceeding assets by $15 million. Your personal wealth will decline by
a. $0 b. $1 million c. $1.5 million d. $3 million e. your proportion of the total outstanding stock shares times $15 million