Question
17. Which of the following will cause the demand curve to shift to the right? (Increase demand)* A Taxes increase on an item B Consumer
17. Which of the following will cause the demand curve to shift to the right? (Increase demand)*
A Taxes increase on an item
B Consumer preference decreases
C The number of consumers increases
D Productivity decreases
18. If consumer taste or preference increases for a good, which of the following will happen?*
A The demand curve will shift to the right
B The demand curve will shift to the left
C The supply curve will shift to the right
D The supply curve will shift to the left
19. Which word would correctly complete the passage below? In economics, _________________ is a general rise in the price level in an economy over a period of time, resulting in a sustained drop in the purchasing power of money. When the general price level rises, each unit of currency buys fewer goods and services.*
A demand
B entrepreneurship
C inflation
D opportunity cost
20. Which statement best describes the graph above moving from point B to point A?*
graph is attached
20. Which statement best describes the graph above moving from point B * 4 points to point A? A Government regulations loosened so price decreased B Consun hee increased so price increased TeasedStep by Step Solution
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