« previous next »

Author Question: Using a graph, illustrate the effect that an increase in production costs will have on the ... (Read 63 times)

plus1

  • Hero Member
  • *****
  • Posts: 676
on: Jun 30, 2018
Using a graph, illustrate the effect that an increase in production costs will have on the equilibrium price and quantity of a good.
 
  What will be an ideal response?

Question 2

The nominal interest rate is determined in the
 
  A) bond market. B) stock market. C) exchange market. D) money market.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
Buy Test-Bank


jlaineee

  • Sr. Member
  • ****
  • Posts: 380
Reply #1 on: Jun 30, 2018
Answer to Question 1

The graph shows a decrease in supply. The supply curve shifts to the left, causing equilibrium price to rise, and equilibrium quantity to fall.

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

projections of future oil production projections of future oil production
Lumbar puncture. Abbreviated LP, the lumbar puncture is a common procedure that withdraws cerebrospi Lumbar puncture. Abbreviated LP, the lumbar puncture is a common procedure that withdraws cerebrospi
Effect of the chemical environment on pKa Effect of the chemical environment on pKa
Effect of cooperative substrate binding on enzyme kinetics Effect of cooperative substrate binding on enzyme kinetics
Sketch the graph of each function using transformations. State the domain and range. Sketch the graph of each function using transformations. State the domain and range.
IROC on a Graph Questions IROC on a Graph Questions
Video: Miller's reaction chamber experiment Animation

For a complete list of videos, visit our video library