Author Question: The law of supply states that, holding other factors constant, as price increases a. Quantity ... (Read 108 times)

theo · **on:** Jul 1, 2018

The law of supply states that, holding other factors constant, as price increases
a. Quantity supplied increases
b. Quantity supplied decreases
c. Quantity demanded increases
d. Quantity demanded decreases

Question 2

You raise your product price by 10 in market A but leave it unchanged in market B. Sales in A fall from 840 to 740 units per week while sales in B rise from 770 to 790 units. The Difference-in-difference estimate of the effect of the price change is:
a. 80 units
b. 100 units
c. 120 units
d. 140 units