If the price of potato chips increases, the demand for potato-chip dip will
a. remain unchanged but the quantity demanded will increase
b. increase, because the goods are substitutes
c. decrease, because the goods are substitutes
d. decrease, because the goods are complements
e. increase, because the goods are complements
D
Economics
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When there is a shift the aggregate supply curve caused by factors external to a nation's economy, it is called
A) government control. B) an economic anomaly. C) a supply shock. D) a trade imbalance.
Economics
Higher interest rates in the United States will attract foreigners to U.S interest-earning assets. This
A) decreases U.S. net exports. B) increases U.S. net exports. C) decreases U.S. imports. D) will have no effect on net exports.
Economics