Which of the following would shift the demand curve for autos to the right?
a. A fall in the price of autos. b. A fall in the price of auto insurance.
c. A fall in consumers' incomes. d. A fall in the price of steel.
b
Economics
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The argument that an increase in aggregate demand, as a result of an increase in government purchases, will be offset by increases in savings (less current consumer spending) for future taxes is called:
a. the crowding out effect b. the Ricardian equivalence theorem c. the budget deficit effect d. the budget surplus effect
Economics
The quantity demanded of an input normally rises as its price rises.
Answer the following statement true (T) or false (F)
Economics