A change in the price of a good causes A) an increase in supply. B) a decrease in supply. C) ...

Author Question: A change in the price of a good causes A) an increase in supply. B) a decrease in supply. C) ... (Read 63 times)

imowrer

Hero Member
Posts: 514

on: Jun 29, 2018

A change in the price of a good causes

A) an increase in supply.
B) a decrease in supply.
C) an increase in demand and a decrease in supply.
D) a change in quantity supplied.

Question 2

Refer to the above figure. From the standpoint of society, the optimal output is

A) Q1
B) Q2
C) Q3
D) Q4

Foundations of Microeconomics ¦ Bade, Parkin ¦ 8^th Edition

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flannelavenger

Sr. Member
Posts: 322

Reply #1 on: Jun 29, 2018

Answer to Question 1

D

Answer to Question 2

D

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imowrer

Hero Member
Posts: 514

Reply #2 on: Jun 29, 2018

Thank you

flannelavenger

Sr. Member
Posts: 322

Reply #3 on: Jun 29, 2018

No problemo

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