Which of the following has most likely caused the shift to S2?
a. a decrease in input prices
b. an increase in prices of production substitutes
c. an expectation of a higher future price
d. a decrease in number of sellers
a. a decrease in input prices
Economics
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When government decides to increase spending, interest rates generally ________ and this change in interest rates ________ investment spending
A) increase; increases B) increase; decreases C) decrease; increases D) decrease; decreases
Economics
Brand name products tend to have demand curves that are relatively more inelastic because
A) brand name products tend to have more substitutes. B) brand name products tend to have fewer substitutes. C) consumers are very sensitive to the prices of brand names. D) brand names are not valued.
Economics