The final consumer demand for chicken (normal good) in China will shift to the left if
A. consumer income decreases.
B. fewer consumers are present in the market.
C. the price of chicken decreases.
D. Either A or B occurs.
Ans: D. Either A or B occurs.
Economics
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A speculator in foreign exchange is a person who
a. buys foreign currency, hoping to profit by selling it at a higher exchange rate at some later date b. earns illegal profit by manipulating foreign exchange c. causes differences in exchange rates in different geographic markets d. simultaneously buys large amounts of a currency in one market and sells it in another market e. takes no risks in foreign currency exchanges
Economics
If the economy is in equilibrium, it must be
a. on the 45° line. b. on the 60° line. c. below the 45° line. d. below the 60° line.
Economics