In the market for French wines, an increase in demand is illustrated by:
A) a movement up the demand curve.
B) a movement down the demand curve.
C) a shift of the demand curve to the left.
D) a shift of the demand curve to the right.
Answer is D) a shift of the demand curve to the right.
Economics
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"External benefits lead to overproduction so that more than the efficient quantity is produced." Is the previous statement true or false?
What will be an ideal response?
Economics
As Americans have become more health conscious, rules about food labels have become more complex and stringent. This is an example of government acting as
A. referee. B. redistributor. C. taxer. D. defender.
Economics