Indicate which curve shiftedand in which directionfor each of the following. Assume that only one curve shifts.

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Indicate which curve shifted—and in which direction—for each of the following. Assume that only one curve shifts.
a. The price of furniture rises as the quantity bought and sold falls.
b. Apartment vacancy rates increase while average monthly rent on apartments declines.
c. The price of personal computers continues to decline as sales skyrocket.

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Macroeconomics Principles and Applications

ISBN: 978-1133265238

5th edition

Authors: Robert e. hall, marc Lieberman

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