Author Question: Refer to the above figure. Autonomous consumption is A) only at point A. B) to the left of point ... (Read 94 times)

armygirl · **on:** Jun 30, 2018

Refer to the above figure. Autonomous consumption is

A) only at point A. B) to the left of point B.
C) only at point B. D) to the right of point B.

Question 2

Other things remaining same, a right shift in the demand curve will lead to:

A) a decrease in the equilibrium price and the equilibrium quantity.
B) a decrease in the equilibrium price and an increase in the equilibrium quantity.
C) an increase in the equilibrium price and the equilibrium quantity.
D) an increase in the equilibrium price and a decrease in the equilibrium quantity.