Other things remaining the same, if a large part of the population decided against having soda for health reasons, there would be a(n):
a. increase in the quantity of soda supplied.
b. increase in the quantity supplied of complements like fries and burgers.
c. decrease in the price of soda.
d. rightward shift of the demand curve for soda.
e. decrease in the quantity demanded of substitutes like mineral water.
c
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The following diagram depicts the market for physicians' services that is originally in equilibrium at the point where demand and supply (D0 and S0) intersect. As physician supply increases from S0 to S1, an even larger concurrent shift in demand from D0 to D1:
a. will result in a new equilibrium at P2 and Q2. b. will cause overall spending on physicians' services to increase. c. will force physicians to limit the number of patients they see. d. will increase demand for physicians' services, but not spending. e. will result in a decrease in the price of physicians' services.
Suppose the development of the European Union leads to greater investment in Europe. You'd expect
A. an increase in the world real interest rate. B. a recession in Europe. C. a decline in the world real interest rate. D. a rise in the current account in Europe.