Assuming that wine is a normal good, an increase in consumer income, other things being equal, will:
a. cause an upward movement along the demand curve for wine.
b. shift the demand curve for wine to the left.
c. cause a downward movement along the demand curve for wine.
d. shift the demand curve for wine to the right.
d
Economics
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Special interest groups often:
a. represent broad questions of public interest. b. pursue rent seeking behavior. c. do not use lobbying techniques. d. have no effect on the political process.
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The laws governing patents and copyrights
a. eliminate the need for firms to engage in research and development. b. are intended to serve private interests, not the public's interest. c. reduce fixed costs for firms that obtain them. d. None of the above is correct.
Economics