If consumer tastes are changing more in favor of the consumption of a particular good the
a. market demand curve will shift to the left.
b. consumer will move up a given demand curve, decreasing the quantity demanded.
c. consumer would move down a given demand curve, decreasing the quantity demanded.
d. consumer would move down a given demand curve, increasing the quantity demanded.
e. market demand curve would shift to the right.
E
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The demand curve in its home market is P = 200 - Q; the demand curve in its foreign market is P = 160 - 2Q; and its marginal cost is a constant $20 per unit. What is the discriminating monopolist's profit maximizing output in the domestic market?
a. 90 b. 110 c. 70 d. 35
Which of the following is an example of an external cost?
A) the cost of labor to a firm B) the pollution caused by automobile exhaust C) the cost of tires for your car D) the opportunity cost of getting a college education