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Author Question: One reason supply curves have an upward slope is because A) increased supply will require ... (Read 63 times)

hbsimmons88

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on: Jun 30, 2018
One reason supply curves have an upward slope is because
 
  A) increased supply will require increased technology.
  B) to have more of the good supplied requires more firms to open.
  C) people will pay a higher price when less is supplied.
  D) a higher price brings a greater profit, so firms want to sell more of that good.
  E) None of the above answers is correct because supply curves have a downward slope.

Question 2

Aggregate expenditure is equal to
 
  A) C - I - G - NX.
  B) Y + C + I + G + NX.
  C) C + I + G - NX.
  D) C + I + G.
  E) C + I + G + NX.


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trog

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

E


hbsimmons88

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Reply #2 on: Jun 30, 2018
Thank you


trog

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Reply #3 on: Jun 30, 2018
No problemo


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