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Author Question: If the supply of a product increases, then a. more will be purchased at the same price b. the ... (Read 77 times)

Alainaaa8

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  • Posts: 576
on: Jul 1, 2018
If the supply of a product increases, then
 a. more will be purchased at the same price
  b. the price of the product must have declined
  c. demand for the good must have increased
  d. producers are willing to accept a lower price for each unit sold
  e. producers offer less for sale at each possible price

Question 2

Which of the following would shift the supply curve for a product to the right?
 a. an increase in the price of a resource used in the good's production
  b. the expectation of a higher price in the near future
  c. an increase in the price of the product
  d. an increase in the price of an alternative good
  e. an improvement in the technology for producing the good


kilada

  • Sr. Member
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  • Posts: 311
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

E


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