Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Chapter 4, Problem 7SCQ

Which of the following changes in the financial market will lead to a decline in interest rates:

  1. a rise in demand
  2. a fall in demand
  3. a rise in supply
  4. a fall in supply

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Imagine you are the owner of a natural gas company. You can either extract as much of the resource as fast as possible or delay extraction until a future time. Projections indicate that the price of natural gas is expected to fall in the future. What would you do in the present?   a. Sell as much natural gas as possible now and less in the future—reflected by a rightward shift of the current supply curve in the future. B.  Sell as much natural gas as possible now and less in the future—reflected by a movement down the current supply curve.C.  Sell as much natural gas as possible now and less in the future—reflected by a movement up the current supply curve.D.  Sell as little natural gas as possible in the present and delay extraction until the future—reflected by a leftward shift of the current supply curve in the future.
Sometimes price cuts can have an unintended result of consumers waiting for deeper discounts. What does this waiting suggest about supply and demand?

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Principles of Economics 2e

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