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Author Question: A market survey conducted by an electronics manufacturer reported a year on year growth in the sale ... (Read 163 times)

stock

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on: Jun 30, 2018
A market survey conducted by an electronics manufacturer reported a year on year growth in the sale of television sets, along with an increase in the selling price. Which of the following could be a likely cause for this situation?
 a. A decrease in supply
  b. An increase in demand
  c. A decrease in demand
  d. An exception to the law of demand
  e. An increase in supply

Question 2

The production possibilities curve is:
 a. a graph that shows the combinations of output which are most profitable to produce.
 b. a graph that shows the various combinations of output it is possible for an economy to produce given its available resources and technology.
  c. a graph that shows the various combinations of resources that can be used to produce a given level of output.
  d. a curve that shows the quantity of output that will be offered for sale at various prices.


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ladyjames123

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

b

Answer to Question 2

b


stock

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

TheDev123

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Reply 3 on: Yesterday
Excellent

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