Which of the following would cause a decrease in the price of a good?
A) an increasing shift in the supply of a good and no shift in demand
B) a decreasing shift in the supply of a good and no shift in demand
C) an increasing shift in the demand for good and no shift in supply
D) an increasing shift in the demand for good and a decreasing shift in supply
A
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Changing the ownership of the ocean from common property to private property would
A) ensure that this resource would be allocated in a more efficient manner. B) ensure that this resource would be allocated in a less efficient manner than under common property rights. C) not be economically desirable. D) result in no appreciable change in efficiency of utilization of this resource.
Which one of the following will shift the Italian consumption curve downward?
a. an increase in Italy's national income b. a decrease in Italy's national income c. Italian legislation making credit harder to obtain in Italy d. lower tax rates in Italy e. a series of technological breakthroughs occurring at the same time in Italy