The popularity of digital cameras has enticed large discount stores like Wal-Mart and Costco to offer digital photo printing services. How does this affect the digital photo printing market?
A) The demand curve for digital photo printing services shifts to the left.
B) The supply curve for digital photo printing services shifts to the right.
C) The supply curve for digital photo printing services shifts to the left.
D) The demand curve for digital photo printing services shifts to the right.
B
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A change in the money supply creates demand and cost pressures that lead to future increases in the price level from which main sources? I. Excess demand for output and labor II. Inflationary expectations III. Raw materials prices
A) I B) II C) II and III D) I and II E) I, II, and III
Which of the following reasons did not contribute to the rise of "King Cotton"?
a. Eli Whitney's invention of the cotton gin in 1793 b. soils and climate of the new Southwest c. large shifts in slave populations d. declines in slave populations that drove mechanical innovation