Final consumer demand for poultry in the US increases (shifts to the right) if
a) consumer income decreases
b) the price of chicken decreases
c) the price of beef increases
d) the price of pork decreases
c) the price of beef increases
Economics
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Using Figure 1 below, if the aggregate demand curve shifts from AD1 to AD2 the result in the long run would be:
A. P1 and Y2.
B. P3 and Y1.
C. P2 and Y3.
D. P2 and Y2.
Economics
From an economic perspective, the best response to increased wage inequality is to:
A. stop all international trade. B. provide transition aid to disadvantaged workers. C. make skill-biased technological change illegal. D. block future technological change.
Economics