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Author Question: Which of the following will cause an outward (rightward) shift in the supply curve? A) a ... (Read 126 times)

elizabeth18

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on: Jun 29, 2018
Which of the following will cause an outward (rightward) shift in the supply curve?
 
  A) a reduction in the price of the good
  B) an increase in the price of labor input
  C) an increase in the number of consumers
  D) technological progress

Question 2

Inflation is best defined as
 
  A) a sustained increase in the price of ALL goods and services in an economy.
  B) a relative price increase.
  C) a sustained increase in the average of all prices of goods and services in an economy.
  D) a sustained increase in the price of a single good or service.


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djpooyouma

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


elizabeth18

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

ebonylittles

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Reply 3 on: Yesterday
:D TYSM

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