Refer to the accompanying figure. Moving from demand curve D1 to demand curve D2 could be caused by a(n):
A. increase in the price of a close substitute.
B. increase in the price of a complement.
C. decrease in the product's expected future price.
D. increase in quantity supplied.
Answer: A
Economics
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The primary disadvantage of engineering methods for measuring cost functions is that they deal with the managerial and entrepreneurial aspects of the production process or plant
a. true b. false
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As an apparent result of airline deregulation,
a. many small communities have been left without airline service. b. the wages and benefits of airline workers have been reduced. c. air fares have risen more quickly than they probably would have under continued regulation. d. small commuter airlines have almost vanished.
Economics