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Question
Which of the following situations would cause the demand curve to shift to the right?
a. a decrease in the number of consumers
b. a decrease in the number of producers
c. an increase in the price of a complement
d. an increase in the price of a substitute
e. a change in tastes and preferences
Answer
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Related questions
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The economic entity most likely to engage in price gouging is
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What will an individual do differently as a buyer in the black market in the long run?
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What is the long-run consequence of a price ceiling law?
a. A surplus will continue to exist and will grow larger over time.
b. A surplus will continue to exist and will grow smaller over time.
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Q:
Suppose Solomon lives in a community with no price controls. What do you expect will happen if his town borders a community where there is a binding price ceiling on most products?
a. Prices in the legal market in the community with a binding price ceiling will rise.
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Q:
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Q:
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