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

Author Question: Which of the following will cause a movement upward along a supply curve? a. Increases in ... (Read 41 times)

storky111

  • Hero Member
  • *****
  • Posts: 561
Which of the following will cause a movement upward along a supply curve?
 a. Increases in raw-material costs.
  b. Increases in labor costs.
  c. Increases in the cost of machinery.
  d. Increases in the market price of a good, other things being equal.

Question 2

When economists say the quantity supplied of a product has decreased, they mean the:
 a. supply curve has shifted to the left.
  b. supply curve has shifted to the right.
  c. price of the product has risen, and consequently, suppliers are producing more of it.
  d. price of the product has fallen, and consequently, suppliers are producing less of it.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

LP

  • Sr. Member
  • ****
  • Posts: 302
Answer to Question 1

d

Answer to Question 2

d




storky111

  • Member
  • Posts: 561
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


kilada

  • Member
  • Posts: 311
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Your heart beats over 36 million times a year.

For a complete list of videos, visit our video library