Assume there are only two airlines, Air China and Hainan Airlines, which fly directly from Beijing to Hainan. What would happen in the market demand for Air China if Hainan Airlines went out of business?
A: The market demand curve would shift to the right.
B: The market demand curve would shift to the left.
C: There would be a movement to the right along the initial market demand curve.
D: There would be a movement to the left along the initial market demand curve.
A: The market demand curve would shift to the right.
B: The market demand curve would shift to the left.
C: There would be a movement to the right along the initial market demand curve.
D: There would be a movement to the left along the initial market demand curve.
举一反三
- Assume that there is a single firm producing toilet paper and the firm specific demand curve is the same as the market demand curve. If a second firm that also produces toilet paper enters the market what will happen to the firm-specific demand curve of the original firm? A: There is a movement up along the demand curve. B: There is a movement down along the demand curve. C: shifts to the right D: shifts to the left
- In a monopoly, the market demand curve is:
- Consider a market with a downward sloping demand curve and an upward sloping supply curve. A $50 tax levied on the producer of the good will cause the market price to:
- 解释概念：市场需求曲线（ market demand curve）
- A fall in price: A: Will cause an inward shift of demand B: Will cause an outward shift of supply C: Leads to a movement along a demand curve D: Leads to a higher level of production