A shift in aggregate supply is likely to ?

Related Mcqs:

For an inferior good ?

A. The price elasticity of demand is negative: the income elasticity of demand is negative B. The price elasticity of demand is positive the income elasticity of demand is negative C. The price elasticity of demand is negative the income elasticity of demand is positive D. The price elasticity of demand is positive the income … For an inferior good ?Read More...

Positive cross elasticities suggest that goods are ____ and negative cross-elasticities that goods are ?

A. substitutes inferior B. normal, complements C. substitutes complements D. normal, inferior...

Inferior goods have _________ and luxury goods have _________?

A. negative income elasticity income elasticity greater than 1 B. income elasticity greater than 1, negative income elasticities C. Positive income elasticities, negative income elasticities D. None of the above...

A movement along the demand curve to the left may be caused by ?

A. a decrease in supply. B. a rise in income C. a fall in the number of substitute goods D. a rise in the price of inputs...

For a normal good ?

A. The price elasticity of demand is negative the income elasticity of demand is negative B. The price elasticity of demand is positive the income elasticity of demand is negative C. The price elasticity of demand is negative the income elasticity of demand is positive D. The price elasticity of demand is positive; the income … For a normal good ?Read More...