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Author Question: Which of the following events would cause an upward movement along the demand curve for olives? a. ... (Read 50 times)

RRMR

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on: Jun 30, 2018
Which of the following events would cause an upward movement along the demand curve for olives?
 a. The number of people who purchase olives decreases.
 b. Consumer income decreases, and olives are a normal good.
 c. The price of pickles decreases, and pickles are a substitute for olives.
  d. The price of olives rises.

Question 2

____ are unexpected temporary events that can either increase or decrease short-run aggregate supply.
 a. Profit effects
 b. Volatilities
 c. Supply shocks
 d. Misperception effects


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tkempin

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


RRMR

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

scikid

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Reply 3 on: Yesterday
Excellent

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