The demand curve for Widgets is given by QD = 6000 - 2y - 200p + 30pG, where QD is the quantity of widgets demanded, y is the per capita income and pG is the price of Gizmos. An increase in per capita income will cause
A) demand shifts left.
B) demand shifts right.
C) demand increases.
D) movement along the demand curve.
A
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An increase in a country's budget deficit
a. increases net capital outflow, so the demand for its currency in the market for foreign-currency exchange shifts right. b. increases net capital outflow, so the supply of its currency in the market for foreign-currency exchange shifts right. c. decreases net capital outflow, so the demand for its currency in the market for foreign-currency exchange shifts left. d. decreases net capital outflow, so the supply of its currency in the market for foreign-currency exchange shifts left.
One argument for cyclical unemployment is
a. high labor force participation. b. a downturn in the economy. c. sticky downward wages. d. an upturn in the economy.