What will happen to the demand curve for workers in cotton farms if the price of cotton falls, assuming all else equal?
A) There will be a downward movement along the demand curve for these workers.
B) There will be a leftward shift in the demand curve for these workers.
C) There will be an upward movement along the demand curve for these workers.
D) There will be a rightward shift in the demand curve for these workers.
B
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Jane is willing to pay $80 for a pair of shoes. The actual price of the shoes is $50. Her marginal benefit is
A) $80. B) $30. C) $50. D) $1300.
Which of the following has been a significant factor in the ability of iPads to compete effectively against laptop and desktop computers?
A. iPads are often superior to laptop and desktop computers in their ability to create content. B. A scarcity of production capacity has curtailed the manufacture of laptop and desktop computers. C. Many consumers perceive that iPads are superior to laptops and desktop computers for the consumption of digital media. D. The prices of laptops and desktop computers have increased dramatically.