A(n) ________ is represented by a leftward shift of the demand curve while a(n) ________ is represented by a movement along a given demand curve
A) increase in demand; decrease in quantity demanded
B) decrease in demand; increase in demand
C) decrease in demand; increase in quantity demanded
D) decrease in quantity demanded; decrease in demand
C
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Because of the relationship among ethanol production, sugar, and corn the authors of your text have concluded that:
a. the corn subsidy is a big problem for ethanol exports. b. the sugar quota makes sugar so cheap in the United States that ethanol producers are using it instead of corn. c. due to the sugar quota and its high price, there is a huge demand for less environmentally friendly corn as a substitute in food products and for ethanol. d. ethanol should be imported rather than exported.
All normal supply curves slope from the_____________________of the graph to the__________.
Fill in the blank(s) with the appropriate word(s).