« previous next »

Author Question: When quantity demanded decreases in response to a change in price: a. the demand curve shifts to ... (Read 173 times)

newyorker26

  • Hero Member
  • *****
  • Posts: 536
on: Jun 30, 2018
When quantity demanded decreases in response to a change in price:
 a. the demand curve shifts to the right.
 b. the demand curve shifts to the left.
 c. there is a movement down along the demand curve.
  d. there is a movement up along the demand curve.

Question 2

The short-run aggregate supply curve is drawn with:
 a. the price level on the vertical axis and real GDP on the horizontal axis.
 b. the price level on the vertical axis and nominal GDP on the horizontal axis.
 c. nominal GDP on the vertical axis and real GDP on the horizontal axis.
 d. real GDP on the horizontal axis and the rate of unemployment on the vertical axis.


nathang24

  • Sr. Member
  • ****
  • Posts: 314
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Zonal wind speeds on Uranus. Shaded areas show the southern collar and its future northern counterpa Zonal wind speeds on Uranus. Shaded areas show the southern collar and its future northern counterpa
Climate Change Climate Change
Titration curve for the tetrapeptide Glu-Gly-Ala-Lys Titration curve for the tetrapeptide Glu-Gly-Ala-Lys
Acquisition and Extinction of a Salivary Response Acquisition and Extinction of a Salivary Response
Change is hard at first messy in the middle and gorgeous at the end Change is hard at first messy in the middle and gorgeous at the end
Construct a Lorenz curve that shows income distribution in this society. Construct a Lorenz curve that shows income distribution in this society.
Video: Dissociative Disorders (Part 3)

For a complete list of videos, visit our video library