« previous next »

Author Question: Using a graph, illustrate the effect that an increase in production costs will have on the ... (Read 80 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?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Photomicro graph showing the three layers of the skin. Photomicro graph showing the three layers of the skin.
Production of Saliva Production of Saliva
Mean scores for Erikson’s stage VI (Intimacy) for two cohorts. Scores for both cohorts increase ... Mean scores for Erikson’s stage VI (Intimacy) for two cohorts. Scores for both cohorts increase ...
The steel lamination used in an E coil helps increase the magnetic field strength, which helps the ... The steel lamination used in an E coil helps increase the magnetic field strength, which helps the ...
A Production Function with Diminishing Marginal Product of Capital A Production Function with Diminishing Marginal Product of Capital
Production of ATP in Skeletal Muscle Production of ATP in Skeletal Muscle
Video: Pasteur's Experiment

For a complete list of videos, visit our video library