A severe drought has damaged this year's lettuce crop. The initial effect on the lettuce market is a
A) decrease in the demand for lettuce.
B) decrease in the supply of lettuce.
C) decrease in both the demand and supply of lettuce.
D) rightward movement along the demand curve for lettuce.
B
Economics
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Which of the following will increase aggregate expenditure in the United States?
A) an increase in the price level B) an increase in the value of the dollar C) an increase in interest rates D) an increase in government purchases
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A consumer's preferences for $1 bills and $20 bills can be represented by indifference curves that are
a. bowed out from the origin. b. bowed in toward the origin. c. straight lines. d. right angles.
Economics