Question: A decrease in the supply of a good will all of these answers are correct reallocate some of the good from lower valued uses to

A decrease in the supply of a good will

all of these answers are correct

reallocate some of the good from lower valued uses to higher valued uses.

increase the use of alternative similar goods.

cause existing users to conserve their use of the good to higher valued uses.

A negative externality exists when

Jack buys a good from Bill, and this makes Todd better off.

Jack buys a good from Bill, and this makes Bill worse off.

Jack buys a good from Bill, and this makes Todd worse off.

Jack buys a good from Bill, and this makes both of them worse off.

Incorrect.Please review Top Ten Concept # 9.

Jack buys a good from Bill, and this makes Jack worse off.

Everything else the same, if the price level in Japan rises relative to the price level in the U.S.,

the dollar will depreciate.

Incorrect. Please review Top Ten Concept # 10.

the demand for dollars and the supply of yen in the foreign exchange market will decrease.

the yen will appreciate.

the supply of dollars and the demand for yen in the foreign exchange market will increase.

the supply of dollars and the demand for yen in the foreign exchange market will decrease.

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