Use the figure below to answer the following question.
In the past few years, the quantity of donuts demanded has increased due to changes in the prices of donuts. This would be illustrated by a change from
A. point 5 to point 2.
B. point 1 to point 2.
C. point 3 to point 6.
D. point 4 to point 6.
Answer: A
You might also like to view...
Currency traders expect the value of the dollar to rise. What effect will this have on the demand for dollars and the supply of dollars in the foreign exchange market?
A) Demand for dollars will decrease, and supply of dollars will increase. B) Demand for dollars will decrease, and supply of dollars will decrease. C) Demand for dollars will increase, and supply of dollars will increase. D) Demand for dollars will increase, and supply of dollars will decrease.
If firms pay what are called "efficiency wages," they pay wages that
A) motivate workers to increase their productivity. B) are lower than average to ensure maximum profit. C) will eventually lower the unemployment rate. D) are mandated by the government.