If a shoe monopoly experiences an outward shift in its demand curve, the industry demand curve for shoes must have
a. shifted slightly less
b. been flat to begin with
c. shifted slightly more
d. shifted more quickly
e. made the exact same shift
E
Economics
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A vertical IS curve comes from the assumption that changes in the interest rate do NOT affect
A) money demand. B) the money supply. C) autonomous planned spending. D) the LM curve.
Economics
An increase in the price of Heinz ketchup is likely to cause:
A. an increase in the demand for Hunt's ketchup, due to a change in preferences. B. an increase in the demand for Hunt's ketchup, due to a change in the price of a substitute good. C. a decrease in the demand for Hunt's ketchup, due to a change in preferences. D. an increase in the demand for Hunt's ketchup, due to a change in the price of a complementary good.
Economics