If buyers' tastes and preferences shift in favor of a good, the result is
a. an increase in quantity demanded
b. an increase in demand
c. an increase in quantity demanded and an increase in supply
d. a decline in supply
e. an increase in supply
B
Economics
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The Coase theorem is the proposition that if property rights exist, the number of parties is small, and transactions costs are low
A) external costs result in deadweight losses. B) external benefits result in deadweight losses. C) private transactions are efficient. D) public transactions are efficient.
Economics
Which of the following is not a factor in the equation of exchange?
A) Money velocity B) Money supply C) The price level D) Nominal income
Economics