Which of the following shifts the aggregate demand curve rightward?
A) a decrease in government expenditure
B) expectations that future incomes will fall
C) a decrease in the quantity of money and an increase in interest rates
D) a tax cut
D
Economics
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For a normal good, the income elasticity of demand is:
A) positive or negative depending on the share of income accounted for by the good. B) always equal to 1. C) positive if income increases and negative when income declines. D) always positive.
Economics
If advertising makes demand of a product more elastic, it makes sense for a firm to
a. Decrease the price of the product b. Increase the price of the product c. Leave the price unchanged d. None of the above
Economics