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Author Question: Bicycles are made out of steel. If the price of steel increases, there is a shift in the supply ... (Read 125 times)

c0205847

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on: Jun 29, 2018
Bicycles are made out of steel. If the price of steel increases, there is a shift in the supply curve of bicycles that leads to
 
  A) a shift in the demand curve for bicycles.
  B) a temporary surplus of bicycles.
  C) a permanent surplus of bicycles.
  D) an increase in the price of a bicycle.

Question 2

Suppose we are considering the relationship between two variables y and x. y is measured on the y-axis and x is measured on the x-axis, and the relationship between then is a straight line.
 
  Suppose that the slope of the line is positive and is less than 1. This slope means that a change in x is associated with A) a bigger change in y.
  B) a smaller change in y.
  C) no change in y.
  D) an equal change in y.


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rekilledagain

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

D

Answer to Question 2

B


c0205847

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Reply #2 on: Jun 29, 2018
Thank you :)


rekilledagain

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Reply #3 on: Jun 29, 2018
Happy to help you


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