Author Question: Suppose that short skirts that were fashionable in the 1990s become unfashionable in the late 2000s. ... (Read 63 times)

penguins · **on:** Jun 29, 2018

Suppose that short skirts that were fashionable in the 1990s become unfashionable in the late 2000s. If other factors were held constant, then there would be

A) a rightward movement along the supply curve.
B) a rightward shift of the demand curve.
C) a leftward shift in the demand curve.
D) a leftward movement along the supply curve.

Question 2

A government subsidy is typically used

A) to correct a negative externality.
B) to provide a government-inhibited good.
C) to reduce inflation.
D) to correct a positive externality.