Curve shifted-demand curve and supply curve

Assignment Help Business Economics

Reference no: EM13996854

Indicate which curve shifted (demand curve, supply curve or both) and in which direction – for each of the following situations: *The price of furniture rises as the quantity bought and sold falls. *Apartment vacancy rates increase while average monthly rent on apartments declines. *The price of personal computers continues to decline as sales skyrocket.

Reference no: EM13996854

Questions Cloud

About half of the paid lobbyists : About half of the paid lobbyists in Washington are former government staff members or former members of Congress. Why would interest groups employ such people? Why might some reformers want to limit the ability of interest groups to employ them?

Which one is considered unemployed : Which one is considered unemployed?

Demand for good is measure of the relationship between : Demand for a good is a measure of the relationship between

Co-payments-deductibles and services covered : Which type of health insurance plan would you choose the PPO plan or the HMO plan? Why would you make this choice? What things are important to you when selecting a health insurance plan (i.e. monthly payroll deduction, co-payments, deductibles, serv..

Curve shifted-demand curve and supply curve : Indicate which curve shifted (demand curve, supply curve or both) and in which direction – for each of the following situations: *The price of furniture rises as the quantity bought and sold falls. *Apartment vacancy rates increase while average mont..

Suppose the economy is in long-run equilibrium : Suppose the economy is in long-run equilibrium when GDP declines by $50 billion. The government wants to increase its spending in order to stimulate the economy and avoid a recession. According to Keynesian theory, how much additional government spen..

Classical economists believe that the demand for money : Classical economists believe that the demand for money will decline if the _________ decreases, while Keynesian economists believe that the demand for money will decline if the _________ increases.

What will happen to domestic investment : If national savings remain unchanged and net capital outflow falls, what will happen to domestic investment (I)?

Based on the current state of the economy : Based on the current state of the economy, recommend whether the Federal Open Market Committee (FOMC) should rise, lower, or keep short-term interest rates (the federal funds rate) the same. Support your recommendations with your research findings.

User Account

All Pages