The price of one good produced by a multiproduct industry rises. For another good produced by that industry
a. the supply curve will shift to the left.
b. the supply curve will remain constant.
c. the supply curve will shift to the right.
d. the demand curve will shift to the right.
a
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Which of the following is a reason why an American would demand British pounds?
a. To purchase British real estate b. To purchase Japanese semiconductors c. To purchase French government bonds d. To purchase stocks on the New York Stock Exchange e. To purchase a ticket to see a British film in the U.S.
A positive economic statement such as "Pollution taxes decrease the quantity of pollution firms generate"
a. would likely be made by an economist acting as a policy adviser. b. would require values and data to be evaluated. c. would require data but not values to be evaluated. d. could not be evaluated by economists acting as scientists.