« previous next »

Author Question: When quantity demanded decreases in response to a change in price: a. the demand curve shifts to ... (Read 169 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?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Pharmacogenomics, Genetic makeup, Drug development, Individual response to drugs, Prescriptions Pharmacogenomics, Genetic makeup, Drug development, Individual response to drugs, Prescriptions
Schematic diagram showing polyclonal response by B cells against linear epitopes. Schematic diagram showing polyclonal response by B cells against linear epitopes.
Immune Response to a Food Allergen Immune Response to a Food Allergen
A bell-shaped, or “normal,” curve shows the distribution of phenotypes for traits controlled by ... A bell-shaped, or “normal,” curve shows the distribution of phenotypes for traits controlled by ...
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
The CRISPR/Cas system mediates an adaptive immune response in prokaryotes The CRISPR/Cas system mediates an adaptive immune response in prokaryotes
Video: Secondary Active Transport

For a complete list of videos, visit our video library