Which of the following would cause a shift in the demand curve for notebooks. Select one: O a. Lecturers putting lecture notes online. O b. A fall in the price of notebooks. O c. A fall in the cost of printing. O d. A rise in the price of notebooks. O e. A rise in the cost of printing.
Which of the following would cause a shift in the demand curve for notebooks. Select one: O a. Lecturers putting lecture notes online. O b. A fall in the price of notebooks. O c. A fall in the cost of printing. O d. A rise in the price of notebooks. O e. A rise in the cost of printing.
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter3: Demand, Supply, And The Market Process
Section: Chapter Questions
Problem 2CQ
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Transcribed Image Text:Which of the following would cause a shift in the demand curve for notebooks.
Select one:
O a. Lecturers putting lecture notes online.
O b. A fall in the price of notebooks.
O c. A fall in the cost of printing.
O d. A rise in the price of notebooks.
O e. A rise in the cost of printing.
Transcribed Image Text:Maureen's college raises the cost of room and board per semester. This increase raises Maureen's
opportunity cost of attending college
O a. only if the amount she would have to pay for room and board if she didn't attend college rose by
less than the increase in the amount her college charges. An increase in opportunity cost reduces
Maureen's incentive to attend college.
O b. even if the amount she would have to pay for room and board if she didn't attend college rose by
the same amount. An increase in opportunity cost reduces Maureen's incentive to attend college.
O . even if the amount she would have to pay for room and board if she didn't attend college rose by
the same amount. An increase in opportunity cost increases Maureen's incentive to attend college.
d. only if the amount she would have to pay for room and board if she didn't attend college rose by
less than the increase in the amount her college charges. An increase in opportunity cost increases
Maureen's incentive to attend college.
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