« previous next »

Author Question: If the price of automobiles were to decrease substantially, the demand curve for public ... (Read 65 times)

chads108

  • Hero Member
  • *****
  • Posts: 507
on: Jul 1, 2018
If the price of automobiles were to decrease substantially, the demand curve for public transportation would most likely
 
  A) shift right.
  B) shift left.
  C) remain unchanged.
  D) remain unchanged while quantity demanded would change.

Question 2

If the price of automobiles were to decrease substantially, the demand curve for automobiles would most likely
 
  A) shift rightward.
  B) shift leftward.
  C) remain unchanged.
  D) become steeper.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


brittiany.barnes

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p The world has been horrified recently at a U.S. Congress so polarized and paralyzed that it cannot p
In this 1921 photo of a one-room schoolhouse in Marey, West Virginia, you can see how public ... In this 1921 photo of a one-room schoolhouse in Marey, West Virginia, you can see how public ...
A typical ECT sensor temperature versus voltage curve. A typical ECT sensor temperature versus voltage curve.
Linear dose-response curve Linear dose-response curve
The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur The slope of the curve y = ax^3 - bx^2 + cx - 3 at x = 2 is 5. If the point of inflection of the cur
Prime Numbers & Public Key Cryptography Prime Numbers & Public Key Cryptography
Video: Introduction to Human Immunodeficiency Virus (HIV)

For a complete list of videos, visit our video library