The demand curve for a normal good shifts leftward if income ________ or the expected future price ________

Characteristics shared by monopolistically competitive markets and perfectly competitive markets include: a. differentiated products. b. advertising

c. many sellers. d. brand identity.

A Principles of Microeconomics professor wants to know how much prior knowledge her students have before beginning the class so she gives them a pre-test. This action is an example of

a. signaling. b. screening. c. adverse selection. d. moral hazard.