From 2006 to 2008 there was a dramatic fall in the price of houses. If this fall made people feel less wealthy, then it would have shifted
a. aggregate demand right.
b. aggregate demand left.
c. aggregate supply right.
d. aggregate supply left.
a
Economics
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Which of the following would not change the demand for automobiles?
A) a change in the price of gasoline B) a change in the cost of steel C) a change in the price of motorcycles D) a change in tastes
Economics
In monopoly, _____
a. the firm's demand curve is the market demand curve for the product b. the marginal revenue is less than the price c. the firm can set its price anywhere but will enhance its profits by raising or lowering the price, depending on the circumstances d. all of these
Economics