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.

View Complete Question

Related Questions in Microeconomics

Q : Income Distribution and Satisfaction

Some researchers have determined that citizens of some prosperous countries [for example, Japan] explain themselves as “happy” far less frequently, onto average, than citizens of a few poorer nations [for example, Indonesia]. Nevertheless, almost all studi

Q : Expansion of increasing cost industries

Expansion of the industry in increasing cost industries causes: (w) increases in each firm’s costs at every level of output. (x) decreases in each firm’s costs at every level of output. (y) all firms to suffer long-run economic losses. (z)

Q : Microeconomics Assignment Please give

Please give me a quote for this uploaded assignment. I need it by the 10th of may 2013. Thank You

Q : Problem on monoplists Suppose that the

Suppose that the total cost curve for a monopolist is provided by TC = 3y2 + 800 and its marginal cost curve is given as MC = 6y. Also assume it faces a market demand curve of py = 280 - 4y and marginal revenue curve of MR = 280 – 8y.

Q : Bookkeeper problem regarding Moral

I have a problem in economics on Bookkeeper problem regarding Moral Hazard. Please help me in the following question. When a bookkeeper embezzles $1 million and flees to the Brazil after 22 years on the job, there is a trouble of: (i) Fugitive derelic

Q : Illustration of Economic Capital An

An illustration of economic capital would be: (1) loanable funds in banks. (2) factory buildings. (3) gold held through price speculators. (4) labor’s productive skills. (5) corporate stocks. How can I solve

Q : Price floor for Whopper Slushees The

The government price floor for Whopper Slushees at P3 would result a: (i) shortage of Q1 – Q3. (ii) Excess of Q3 - Q1. (iii) Supply price of P1. (iv) Quantity demanded of Q2. (v) Demand price of P2.

Q : Effects of Moral Hazard When you pay a

When you pay a straight A student in advance to write your term-paper and that person spends money on the party and then decides not to do a fine job and hence you wind-up with an F for submitting sloppily written gibberish, you have just suffered since of: (i) Advers

Q : Marginal revenue for purely competitive

For a purely competitive firm and for a nondiscriminating unregulated monopolist, the marginal revenue is: (1) identical to the price per unit of output. (2) equal to marginal cost when profit is maximized. (3) greate

Q : Determine short-run supply of an

The Christmas tree industry’s short-run supply is demonstrated as: (1) curve A. (2) curve B. (3) curve E. (4) curve F. (5) curve G.

Discover Q & A

Leading Solution Library

Avail More Than 1453074 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1927507
Asked

3,689

Active Tutors

1453074

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment