If shoes rise in price, the demand curve for shoes ( ) and the quantity of shoes demanded ( ).
A: shifts leftward; decreases
B: shifts leftward; does not change
C: does not shift; decreases
D: does not shift; does not change
A: shifts leftward; decreases
B: shifts leftward; does not change
C: does not shift; decreases
D: does not shift; does not change
举一反三
- An increase in labor productivity shifts the labor ________ curve ________. A: demand; rightward B: demand; leftward C: supply; rightward D: supply; leftward
- When your income increases, A: your budget line shifts rightward and its slope does not change. B: your budget line shifts leftward and its slope does not change. C: the slope of your budget line increases. D: the slope of your budget line decreases.
- Because of an increase in the price of leather, the price of a pair of women's dress shoes increased 12 percent. If the price elasticity of demand for women's dress shoes is 0.85, which of the following will happen? A: The number of pairs of women's dress shoes demanded decreases by 10.2 percent. B: Total expenditure on women's dress shoes decreases. C: Total revenue from the sale of women's dress shoes decreases. D: none of the above
- An increase in labor productivity shifts the A: labor demand curve rightward. B: labor demand curve leftward. C: labor supply curve rightward. D: labor supply curve leftward
- According to the Law of Demand, the demand curve for a good will A: shift leftward when the price of the good increases. B: slope downward. C: shift rightward when the price of the good increases. D: slope upward.