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Unexpected good performance of leathex

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Following the unexpected good performance of Leathex, all its employees were given a one-time bonus. This consequently led to a rightward shift of the demand curve for shoes manufactured by the company and a leftward shift of the demand curve for socks. This shows that shoes are:?

  • ?normal goods.
  • ?inferior goods.
  • ?substitutes.
  • ?complementary goods.

If the price level in an economy is 120 and the equilibrium price level is 100, _____.?

  • ?the demand for money curve will shift to the left
  • ?the supply of money is likely to exceed the demand for money
  • ?people will want to hold more money than is supplied by the central bank
  • ?the purchasing power of money will increase

Reference no: EM131564377

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