--%>

Example of demand curve shifts upward and to right

Can someone help me in finding out the precise answer from the given options. When consumers become willing and capable to purchase more of a good at each and every possible price, then the: (i) Demand curve shifts up-ward and to right. (ii) Quantity demanded increases since the market price drops. (iii) Prices of complementary goods drop. (iv) Determinants of the supply rapidly change in favorable manners. (v) Economy slumps into recession.

   Related Questions in Microeconomics

  • Q : Labor Union Goals economically

    Economically, the labor unions can be thought of as the: (i) encouraging competition between the workers for jobs. (ii) Rising the flexibility of nominal wages. (iii) Attempts to cartelize and unite the individual sellers of labor. (iv) Having a goal of the minimum un

  • Q : Demand for Labor-Monopsony Power When

    When wage discrimination is not probable for the first 40 workers this profit-maximizing organization hires, however it can wage discriminate perfectly whenever hiring all the subsequent workers, it hires a net of: (i) Forty workers at an average salary of $700 per we

  • Q : Minimum Wage Laws and Monopsony Power

    The Minimum wage laws potentially raise both employment and wages if firms: (i) Have monopsony power in the labor market and don’t wage discriminate. (ii) Practice outsourcing across the international borders as labor costs abroad are lower. (iii) Are pure compe

  • Q : Increasing economic profits in a

    Rising economic profits within a competitive market do NOT produce pressures for: (i) expansions of existing firms. (ii) entry by new firms. (iii) price hikes. (iv) increases in costs for specialized resources. (v) ultimate erosion of

  • Q : Monopsony power in the labor market The

    The firm with monopsony power in labor market: (1) Can hire any significant amount of labor devoid of affecting the wage. (2) Can pay any wage it wishes. (3) Must pay a higher wage when it hires more labor. (4) Must pay a lower wage when it hires more

  • Q : Productivity in Oligopolies Oligopolies

    Oligopolies cannot: (w) maximize where MR = MC. (x) differentiate their product. (y) act independently of other firms. (z) make economic profits within the long run. Can someone explain/help me with best solution a

  • Q : Generates price-quantity consistent for

    All prospective demanders [buyers] would be within equilibrium when this market for teleporter buttons created a price and a quantity consistent along with: (1) eliminating the shortage Q1-Q3 existing at P3<

  • Q : Comparative static model and general

    Compare and contrast Comparative static model and general equilibrium models using one example of each model in a 2 page essay. Specify the properties of each model. What are the relative strengths and weaknesses of each and every model?

  • Q : Incentives given by higher interest rate

    Higher interest rates give incentives for: (w) a corporation to build a new plant. (x) a family to save more. (y) a family to buy a new house. (z) automakers to produce more new cars. Please choose the right answer

  • Q : Problem of How to Produce Describe the

    Describe the problem of How to Produce? Answer: This refers to the choice of techniques of production of services and goods and whether labor intensive or capital i