« previous next »

Author Question: The price of iPhones has fallen dramatically. Which of the following is likely to happen? A) The ... (Read 110 times)

lracut11

  • Hero Member
  • *****
  • Posts: 536
on: Jun 30, 2018
The price of iPhones has fallen dramatically. Which of the following is likely to happen?
 
  A) The quantity of iPhones supplied will increase. B) The supply of iPhones will increase.
  C) The quantity of iPhones supplied will decrease. D) The supply of iPhones will decrease.

Question 2

An economy's ________ during a recession.
 
  A) labor supply curve shifts to the right B) labor demand curve shifts to the right
  C) labor supply curve shifts to the left D) labor demand curve shifts to the left
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
Buy Test-Bank


zhanghao

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

The cranium of a young infant changes dramatically in shape with age. Initially the child has severa The cranium of a young infant changes dramatically in shape with age. Initially the child has severa
This chart illustrates the “drip down” model of government. In this, politics is formed by the soc This chart illustrates the “drip down” model of government. In this, politics is formed by the soc
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
The frequency of aneuploidy changes dramatically over developmental time. Between 6 to 8 weeks and 2 The frequency of aneuploidy changes dramatically over developmental time. Between 6 to 8 weeks and 2
The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ... The retail price of a packaged CD is $60.00, which includes a tax of 4%. What is the actual ...
Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ... Sonal bought a coat for $198.88, which included 8% PST and 5% GST. What was the selling price ...
Video: Glomerular filtrate rate: pressures that affect GFR, NFP & GFR and blood composition

For a complete list of videos, visit our video library