Author Question: Figure 4.4 illustrates the supply of tacos. A decrease in the supply of tacos is represented by a ... (Read 186 times)

mwit1967

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Figure 4.4 illustrates the supply of tacos. A decrease in the supply of tacos is represented by a movement from
 
  A) point a to point b. B) point c to point b. C) S0 to S1. D) S2 to S1.

Question 2

If at a given wage, the quantity supplied of labor exceeds the quantity demanded of labor:
 
  A) the wage rate will fall. B) the wage rate will increase.
  C) the aggregate price index will rise. D) the aggregate price index will fall.


mohan

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Answer to Question 1

D

Answer to Question 2

A



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