Examlex

Solved

Suppose the Demand for Calendars Increases in November

question 113

True/False

Suppose the demand for calendars increases in November. At the same time, the price of the ink used in the production of calendars increases. In the market for calendars, if the size of the shift of the demand curve is larger than the size of the shift of the supply curve, then the equilibrium quantity rises.


Definitions:

Predominant Part

The most important or influential component of something.

Sue

To initiate legal proceedings against an individual or entity with the aim of obtaining redress or enforcing a right.

Computer Sales

The business activity of selling computers, computer components, and software to consumers or other businesses.

Title Passes

The legal transfer of ownership of a property from the seller to the buyer.

Related Questions