A change in demand is said to take place when there is a
A) shift of the demand curve.
B) shift of the supply curve.
C) price change.
D) movement along the demand curve.
E) quantity change.
Ans: A) shift of the demand curve.
Economics
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Which of the following is the most likely explanation for inflation in the United States?
A) decreases in aggregate demand B) decreases in aggregate supply C) increases in aggregate demand D) increases in aggregate supply
Economics
If the cross-price elasticity of demand between Breeze Detergent and Faber Detergent is a relatively large positive number, then it indicates that
A) the two brands are probably made by the same company. B) consumers have a distinct preference for one brand versus the other. C) detergents are necessities. D) the two brands of detergent are close substitutes.
Economics