This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Seller A, has an upward-sloping supply curve, and is willing to supply 400 units of a commodity at a ... (Read 100 times)

elizabeth18

  • Hero Member
  • *****
  • Posts: 559
on: Jun 30, 2018
Seller A, has an upward-sloping supply curve, and is willing to supply 400 units of a commodity at a price of 5 per unit. Seller A is now willing to supply 500 units at a price of 5 per unit. Evidently, seller A has experienced a(n):
 a. increase in supply.
  b. decrease in supply.
  c. increase in quantity supplied.
  d. decrease in the quantity supplied.
  e. decrease in demand.

Question 2

If more people enter medical school, we can expect:
 a. the demand for doctors to increase.
  b. the supply of doctors to increase.
  c. the demand for doctors to decrease.
  d. the supply of doctors to decrease.
  e. no effect on the supply or demand of doctorsjust a movement along the curves.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ankilker

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

b


elizabeth18

  • Member
  • Posts: 559
Reply 2 on: Jun 30, 2018
Gracias!

amynguyen1221

  • Member
  • Posts: 355
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

A theoretical photosynthetic response curve. A theoretical photosynthetic response curve.
The age-dependent curve of salivary progresterone levels in three populations. The age-dependent curve of salivary progresterone levels in three populations.
The main avenue to the upward social mobility reviewed in the text has been higher education. The main avenue to the upward social mobility reviewed in the text has been higher education.
How to find the equation of a cosine curve How to find the equation of a cosine curve
Excel hardware is introducing a new product on a new product line of capacity 800 units per ... Excel hardware is introducing a new product on a new product line of capacity 800 units per ...
Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia). Type III curve. Mortality is highest early in life. Data for a desert shrub (Cleome droserifolia).
Video: Isovolumetric VC, Ventricular ejection, Isovolumetric & Passive ventricular filling

For a complete list of videos, visit our video library