A movement upward along an upward sloping Engel curve corresponds to
A: upward sloping indifference curves.
B: crossing indifference curves.
C: a rotation in the budget constraint.
D: a parallel shift in the budget constraint.
A: upward sloping indifference curves.
B: crossing indifference curves.
C: a rotation in the budget constraint.
D: a parallel shift in the budget constraint.
举一反三
- 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:
- Which of the following explains why supply curves slope upward?
- If the money interest rate is measured on the y-axis and the quantity of money is measured on the x-axis, the money supply curve is:（） A: horizontal. B: upward sloping to the upper right. C: vertical.
- With respect to the security market line (SML), an increase in the business risk of the stock-is-suing company would most likely result in which of the following changes A: An upward shift in the SML B: A downward shift in the SML C: Movement upward along the SML
- 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: A: increase by $50 B: decrease by $50. C: increase by less than $50. D: increase by more than $50.