A move from I to L best represents a
A. change in quantity demanded.
B. change in demand.
C. increase in demand.
D. decrease in demand.
A. change in quantity demanded.
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Economies of scale in production act as a source of:
A) legal market power. B) natural market power. C) restricted market power. D) regulated market power.
In a short-run macroeconomic equilibrium, real GDP exceeds potential GDP. If aggregate demand does not change, then the
A) short-run aggregate supply curve will shift rightward as the money wage rate falls. B) short-run aggregate supply curve will shift leftward as the money wage rate rises. C) long-run aggregate supply curve will shift leftward as the money wage rate rises. D) long-run aggregate supply curve will shift leftward as the money wage rate falls.