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.
Early whales moved from terrestrial to aquatic environments
Primates in the New World tend to be small-bodied compared to those elsewhere.
Cranial capacity has increased approximately fourfold over the last 3.5 million years of hominin evo
Increased neurogenesis in the dentate gyrus following damage. The left panel shows (1) an ...
The early regulatory region of phage l
Percent of Selected Foods and Beverages Consumed in the United States