Which of the following can explain an increase in the demand for housing in retirement communities?
Multiple Choice Quizzes with Answer in English (Page: 421)
Persuasive advertising influences demand by:
Graphically, a decrease in advertising will cause the demand curve to:
If A and B are complements, an increase in the price of good A would:
If A and B are complements, an increase in the price of good A would:
Which of the following pairs of goods are probably complements?
An increase in the price of steak will probably lead to:
Which of the following is probably not a normal good?
Good A is an inferior good, an increase in income leads to:
A change in income will not lead to:
Changes in the price of good A leads to a change in:
Which of the following would not shift the demand for good A?
The law of demand states that, holding all else constant:
The buyer side of the market is known as the:
In a competitive market, the market demand is Qd = 60 – 6P and the market supply is Qs = 4P. The full economic price under a price ceiling of $3 is
In a competitive market, the market demand is Qd = 60 – 6P and the market supply is Qs = 4P. A price ceiling of $3 will result in a
Marginal net benefits in the above table
Net benefits in the above table
Total costs in the above table are
The opportunity cost of an action is the