The cost of producing cigarettes in the United States has increased and at the same time, more and more Americans are choosing to not smoke cigarettes. Which of the following best explains the effect of these events in the cigarette market?
A) Both the supply and demand curves have shifted to the left. As a result, there has been a decrease in the equilibrium quantity and an uncertain effect on the equilibrium price.
B) Both the supply and demand curves have shifted to the right. As a result, there has been an increase in the equilibrium quantity and an uncertain effect on the equilibrium price.
C) The supply curve has shifted to the right and the demand curve has shifted to the left. As a result there has been an increase in the equilibrium quantity and an uncertain effect on the equilibrium price.
D) The supply curve has shifted to the right and the demand curve has shifted to the left. As a result, there has been an increase in the equilibrium price and an uncertain effect on the equilibrium quantity.
Question 2
The ________ a corporation keeps to finance future expansion are known as retained earnings.
A) dividends B) stock C) bonds D) profits
The ovaries. In addition to producing ova, the ovaries secrete the female sex hormones, estrogen and
Nerves can transmit many signals at the same time
Sources of Energy in the United States
Changes in Time Spent with Family Members
A fuel pump in a farming area that clearly states the red diesel fuel is for off-road use only ...
Increased Cancer Risk with BRCA1 or BRCA2 Mutation