Last October, due to an early frost, the price of a pumpkin increased by 10 percent compared to the price in the previous Halloween season. As a result, the quantity demanded county-wide decreased from 2 million to 1.5 million.
Based on this statement, it is certain that the A) demand curve for Halloween costumes shifted leftward.
B) price elasticity of demand for pumpkins decreased from its value in previous years.
C) demand curve for pumpkins shifted leftward.
D) total revenue from the sale of pumpkins decreased.
Question 2
In the figure above, the demand curve shifts rightward from D0 to D1. There are no rent controls. In the short run, the increase in demand results in
A) higher rents and a decrease in the equilibrium quantity.
B) lower rents and a decrease in the equilibrium quantity.
C) higher rents and an increase in the equilibrium quantity.
D) lower rents and an increase in the equilibrium quantity.
Diabetes mellitus. The metabolic disease diabetes mellitus, with symptoms of polydipsia, polyuria, a
Early in the twentieth century, when malnutrition was common, companies such as this one advertised
Mechanisms of action of adrenergic agonists: (1) stimulation of the release of NE; (2) increased ...
Roller lifter from a GM Duramax 6.6 liter V-8 diesel engine. Notice the size of this lifter compared ...
Early Warning Signs and Symptoms of Mental Disorders
Evidence of early bipedalism