Which of the following events would cause an upward movement along the demand curve for olives?
a. The number of people who purchase olives decreases
b. Consumer income decreases, and olives are a normal good.
c. The price of pickles decreases, and pickles are a substitute for olives.
d. The price of olives rises.
d
Economics
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An increase in the value of the U.S. dollar will
A) reduce Canadian demand for winter homes in Arizona. B) increase Canadian demand for winter homes in Arizona. C) reduce the cost of homes in Arizona for Canadian buyers. D) increase the cost of homes in Arizona for American buyers.
Economics
The "lemons problem" exists in the market for goods because
A) sellers tend to try to take advantage of buyers. B) buyers tend to try to take advantage of sellers. C) differences in the quality of the goods being exchanged. D) of moral hazard.
Economics