A sudden fall in housing prices in Potentia has lowered the confidence of households. Assuming all else equal, this is likely to lead to a(n) ________
A) increase in the demand for construction workers
B) fall in the unemployment rate
C) increase in the overall price level
D) decline in current consumption
D
Economics
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The price of video cassette recorders (VCRs) remains constant, but the market demand curve for VCRs shifts leftward as consumers shift to DVDs and other video technologies
What happens to the consumer surplus in this market as the demand curve shifts? A) Increases B) Decreases C) Remains the same D) We do not have enough information to answer this question.
Economics
A good that is rival but nonexclusive is called
a. a private good b. a public good c. a quasi-private good d. an external good e. an open access good
Economics