If people begin to favor science fiction novels to a greater degree than

If people begin to favor science fiction novels to a

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100. If people begin to favor science fiction novels to a greater degree than previously, the demand curve for science fiction novelsa. shifts rightward.b. shifts leftward.c. stays constant.d. can shift either rightward or leftward.101. As the price of good X rises, the demand for good Y falls. Therefore, goods X and Y are102. The law of supply states that price and quantity supplied are
103. Which of the following is true about the relationship between price and quantity supplied?104. The fundamental reason why most supply curves are upward sloping is thata.consumers substitute lower-priced goods for higher-priced goods.b.the quantity supplied increases as more firms enter the market.c.a higher price never reduces quantity supplied by enough to lower total revenue and so higher production is motivated.d.higher production raises the opportunity costs of production and so price must rise to induce more output.Exhibit 3-2 Good X105. Refer to Exhibit 3-2. Which of the following would result in a movement from point A on D1to point B on D2?
106. Refer to Exhibit 3-2. Which of the following would result in a movement from point B on D2to point A on D1?107. A rightward shift in the demand curve for tennis balls could be caused byExhibit 3-9 108. Refer to Exhibit 3-9. A severe recession has sharply decreased the incomes of consumers. Knowing that X is a normal good, you expect a movement in the market for X froma. A to B.b. E to F.c. F to E.d. B to A.

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