Suppose that the demand curve for apples is downward sloping and the price per bushel increases from $6.50 to $7.50. We would then expect
A) the demand for apples to decrease.
B) the quantity of apples demanded to fall.
C) the demand curve to shift toward the origin.
D) the quantity of apples demanded to increase.
B
Economics
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Linder's hypothesis provides an explanation for
A) increasing returns to scale. B) imperfect competition. C) intraindustry trade. D) All of the above.
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An increase in the expected inflation rate causes the supply of bonds to ________ and the supply curve to shift to the ________, everything else held constant
A) increase; left B) increase; right C) decrease; left D) decrease; right
Economics