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Supply and Cost
Wiki User
∙ 14y ago
Wiki User
∙ 12y agobecuase they sre demons
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The interest rate falls if Answer a money demand shifts left or money supply shifts right b either money demand or money supply shifts left c money demand shifts right or money supply shi?
a
If supply shifts to the left and demand remains constant?
Price will increase, quantity will decrease
Ceteris paribus the price level will fall when A The aggregate supply curve shifts to the left B The aggregate demand curve shifts to the left C The aggregate demand curve shifts to the right?
b
Luxury goods like Dom Perignon champagne tend to have demand curves?
Luxury goods like Dom Perignon champagne tend to have ______ demand curves.
What is the shape of the market demand curve?
Usually market demand curves are downward sloping.
What is the shape of a market demand curve?
Usually market demand curves are downward sloping.
The horizontal sum of all individual demand curves is known as?
The MArket Demand Curve
If supply shifts to the right and demand remains constant?
When supply shifts to the right and demand remains constant then there will be an excess of product. Prices for the product will fall as well.
What causes shifts in demand?
New popular products.
What is the difference between movements along IS and LM curves?
interest rate shifts, and action of fed
What is eqiliblum point in the demand and supply?
The point of intersection of Demand and Supply curves is the equilibrium point.
How can price consumption curve be used to hep determine the individual demand curve?
The price-consumption curve explains how changes in the cost of a good, relative to another good, also effects an individuals consumption choices. The individual demand curve takes a single good and explains the relationship between the cost of that good, and the quantity demanded. Therefore shifts in the indifference curves (PCC) based on consumption possibilities, should correlate to the shifts in the demand curves. The easiest way to look at it, is that that your horizontal axis points on both your budget line, and your individual demand curve, should be the same. Your Vertical axises will differ because they are measuring different costs, ie, monetary cost (Demand Curve) and oppurtunity cost (budget line/constraint).
