--%>

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 : Problem on Multiple regression analysis

    Find two journal articles that have undertaken multiple regression analysis and compare the results. Specify the reference for the two papers.Requirements:

    Q : Factors establishing elasticity of

    Factors establishing elasticity of supply: The factors below will persuade the elasticity of supply: 1. Modifications in cost of production. 2. Behavior pattern of producers. 3. Accessibility of faci

  • Q : Question on Demand-Supply curves Assume

    Assume that the market for cigarettes in a specific town has the given supply and demand curves: QS = P; QD = 50 − P, here the quantities are evaluated in thousands of units. Assume that the town council requires raising $300,000 in revenue

  • Q : Output and experiences by long run

    This monopolistic competitor generates Q0 output and experiences: (1) only normal accounting profits, and zero economic profits. (2) positive economic profits. (3) high costs because of excessive managerial salaries. (4) stagnation because

  • Q : Problem regarding to price ceilings and

    Persistent shortages of a good are mostly all the time attributable to: (w) legal ceiling prices that are set below equilibrium. (x) recessions that yield high unemployment rates. (y) price gouging by firms with monopoly power. (z) legal price floors

  • Q : Differentiated goods in monopolistic

    Several other market structures may pivot around goods which are heterogeneous, although the market structure which absolutely needs goods to be differentiated within the minds of consumers is. (i) perfect competition. (ii) pure competition. (iii) mon

  • Q : Implicit Costs-Value of time

    Congratulations! You have made a fortune after establishing the firm which publishes bestselling books of the economic poetry. Your implicit costs comprise: (1) Salaries for your firm’s website designer. (2) The value of your time. (3) Fees for cleaning the serv

  • Q : Price elasticity of demand relatively

    The transfer of wealth from industrialized countries to oil exporting countries (OPEC) which followed skyrocketing oil prices within the 1970 year indicates such that the price elasticity of demand for oil: (w) relatively low. (x) relatively high. (y)

  • Q : Function of Capitalization Winning

    Winning $50,000 yearly for 20 years is similar as winning: (w) $1 million today. (x) less than $1 million today. (y) more than $1 million today. (z) $100 per day, forever. Hello guys I want your advice. Please recommend some views

  • Q : Pure competition market A purely

    A purely competitive market would NOT be illustrated by: (1) many potential buyers and sellers. (2) each buyer or seller being a price taker. (3) an absence of long-run barriers to entry or exit. (4) aggressive advertising to compare brands. (5) a sin