Which of the following statements is false?
A) The shift factors for the supply curve are: income, preferences, prices of related goods, the number of buyers, and expectations of future price.
B) A change in (own) price changes the quantity supplied of a good.
C) A change in demand is graphically represented by a shift in the demand curve.
D) A change in quantity demanded is represented by a movement along a given demand curve.
A
Economics
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If the firm in the figure above is unregulated, it will make an economic profit of
A) zero. B) -$240. C) $100. D) $400.
Economics
Which of the following increases money demand?
A) Disruptions in the banking system. B) The introduction of online banking. C) The wider availability of ATMs. D) The introduction of deposit insurance.
Economics