10.Which of the following would cause the demand curve for brooms to shift to the right, assuming that brooms were an inferior good? A-The price of brooms increases. B-The price of a complement increases. C-The income of all consumers decreases. D-The economy strengthens because of decreased taxes. E-The production of brooms decreases because of vacuum cleaners.
10.Which of the following would cause the demand curve for brooms to shift to the right, assuming that brooms were an inferior good?
A-The
11.If a firm with a supply schedule with positive units at every price leaves a market, ceteris paribus, what will happen to the market supply?
A-It will shift right by that firm's output quantity at every price.
B-It will shift left or decrease by that firm's output quantity at every price.
C-It will not change. D-It will become more elastic. E-Insufficient data to determine.
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