Demand for a normal product may shift outwards if ?

Related Mcqs:

Which of the following will NOT cause a shift in the demand curve for compact discs ?

A. A change in wealth B. A change in the price of compact discs C. A change in income. A change in the price of pre-recorded cassette tapes...

An increase in price from 25 pence to 30 pence leads to an increase in the quantity supplied from 40 units to 44 units. The price elasticity of supply is ?

A. +2 B. +0.5 C. -2 D. -0.5...

Profits are maximized when ?

A. costs are minimized B. revenue is maximized C. average cost is less than average revenue D. marginal cost equals marginal revenue...

When the market operates without interference, price increases will distribute what is available to those who are willing and able to pay the most. This process is known as ?

A. Quantity setting B. price fixing C. price rationing D. quantity adjustment....

Improved training of employees would ?

A. Shift aggregate supply to the right B. Shift aggregate supply to the left C. Shift aggregate demand to the right D. shift aggregate demand to the left...