An increase in the price of Kellogg's breakfast cereal is likely to shift the demand curve for cereal manufactured by Malt-O-Meal to the right

Indicate whether the statement is true or false

T

Economics

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Factor prices, returns from alternative activities, technology, number of firms, producer expectations, and natural events are often termed:

A) demand determinants. B) demand quantities. C) supply prices. D) supply shifters.

Economics

A decrease in efficiency would shift the long-run aggregate supply curve:

A) rightward. B) leftward. C) no shift. D) none of the above.

Economics