Which of the following best represents the effects of a decrease in the price of coffee, other things being equal?
a. A leftward shift in the demand curve for coffee.
b. A downward movement along the demand curve for coffee.
c. A rightward shift in the demand curve for coffee.
d. An upward movement along the demand curve for coffee.
b
Economics
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Classical economists believe that:
a. velocity is not constant. b. changes in the money supply affect real GDP. c. the quantity of money explains prices. d. the money supply affects velocity.
Economics
Which of the following is not a coincident indicator of the business cycle?
a. Unemployment claims b. Payroll employment c. Industrial production d. Personal income e. Manufacturing and trade sales
Economics