--%>

Demand curve for Complementary Goods

The ban on assault weapons enacted in the year 1994 lapsed in the year 2004. Prices for assault weapons fell in year 2004 since the only way to get such guns throughout the ban was via the black market. This modify in the law in year 2004 is most probable to shift the: (1) Demand curve for the bullets right-ward. (2) Amount of bullets demanded down-ward. (3) Supply curve of bullets left-ward. (4) Supply of assault weapons vertically up-wards. (5) Supply curve of bullets right-ward.

Choose the right answer from the above options.

   Related Questions in Microeconomics

  • Q : Monopsony Power and Immobility of Labor

    Immobility of the labor is significant economically as: (1) Most of the people like to move, however cannot. (2) People in high salary occupations won't be completely compensated for the costs and difficulties related with their occupations. (3) It we

  • Q : Effect of prices declining in

    Can someone please help me in finding out the precise answer from the following question. Americans would start cultivating bigger, greener lawns when the: (i) Prices of the fertilizer and water declined. (ii) Government imposed stricter safety standards for the lawn

  • Q : Natural barriers to entry A monopoly

    A monopoly may emerge naturally while: (w) increasing costs happen quickly relative to market demand. (x) at low levels of output, disutilities of scale are encountered. (y) economies of scale are substantial relative to market demand. (z) variable co

  • Q : Non-discriminating firm through

    The non-discriminating organization with monopsony power in the labor market confronts the: (i) Wage rate which consistently surpasses the marginal revenue. (ii) MRP less than w. (iii) MFC which surpasses w. (iv) Monopolistic seller of the organization’s output.

  • Q : Demand of various vegetable why demand

    why demand change of onion in during one week due to change in it's price?

  • Q : Types of elasticity of supply Types of

    Types of elasticity of supply: There are five kinds of elasticity of supply:1. Perfectly elastic supply:

    Q : Long-run equilibrium output of

    This monopolistic competitor produces Q0 units and is demonstrated: (w) earning total profit equal to 0PbQ. (x) as a price taker. (y) setting price equal to marginal revenue. (z) in long-run equilibrium.

  • Q : Caveat emptor-Laws and Regulations The

    The Caveat emptor is a prehistoric legal doctrine mainly based on the idea that buyer: (1) Are the finest judges of the value that they will receive when they purchase. (2) Must receive money back guarantees when products are flawed. (3) Need governme

  • Q : Quality of government in income

    Concern regarding the quality of government is income elastic for mainly people that imply that higher incomes and prosperity tend to: (w) increase people’s participation in political processes. (x) reduce efforts to solve political problems. (y

  • Q : Meaning of price taker To be a price

    To be a price taker implies: (w) the larger firm in the industry will set the price for all other firms. (x) the entire market (industry) sets the price for all firms to take. (y) each firm takes the price as specified by the government. (z) firms tak