This topic contains a solution. Click here to go to the answer

Author Question: Seller A, has an upward-sloping supply curve, and is willing to supply 400 units of a commodity at a ... (Read 92 times)

elizabeth18

  • Hero Member
  • *****
  • Posts: 559
Seller A, has an upward-sloping supply curve, and is willing to supply 400 units of a commodity at a price of 5 per unit. Seller A is now willing to supply 500 units at a price of 5 per unit. Evidently, seller A has experienced a(n):
 a. increase in supply.
  b. decrease in supply.
  c. increase in quantity supplied.
  d. decrease in the quantity supplied.
  e. decrease in demand.

Question 2

If more people enter medical school, we can expect:
 a. the demand for doctors to increase.
  b. the supply of doctors to increase.
  c. the demand for doctors to decrease.
  d. the supply of doctors to decrease.
  e. no effect on the supply or demand of doctorsjust a movement along the curves.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ankilker

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

a

Answer to Question 2

b




elizabeth18

  • Member
  • Posts: 559
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


bbburns21

  • Member
  • Posts: 336
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

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

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

For a complete list of videos, visit our video library