A decrease in demand is represented by a
a. movement downward and to the right along a demand curve.
b. movement upward and to the left along a demand curve.
c. rightward shift of a demand curve.
d. leftward shift of a demand curve.
d
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Refer to Figure 5-6. Why is there a deadweight loss?
A) because the marginal private cost for each additional unit between Q1 and Q2 exceeds the marginal private benefit B) because the marginal private benefit for each additional unit between Q1 and Q2 exceeds the marginal cost C) because the marginal social cost for each additional unit between Q1 and Q2 exceeds the marginal social benefit D) because the marginal social benefit for each additional unit between Q1 and Q2 exceeds the marginal cost
Which trend is shown in this graph?
a. The real GDP per capita decreases from 1975 to 1983.
b. The real GDP per capita remains constant from 1969 to 1975.
c. The real GDP per capita increases from 2007 to 2009.
d. The real GDP per capita sharply increases from 1983 to 1991.