Author Question: Which of the following would cause a leftward shift in the demand curve for a good? A) an ... (Read 42 times)

Sportsfan2111

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Which of the following would cause a leftward shift in the demand curve for a good?
 
  A) an increase in income
  B) an increase in the price of a complementary good
  C) an increase in the price of a substitute
  D) the expectation that there will be a shortage in the availability of the good

Question 2

In estimating short-run cost functions, one must adjust for
 
  A) price level changes.
  B) accounting procedure changes.
  C) product heterogeneity.
  D) All of the above



xthemafja

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Answer to Question 1

B

Answer to Question 2

D



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