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Author Question: A leftward shift of a supply curve is called a(n): a. decrease in demand. b. increase in supply. ... (Read 118 times)

stephzh

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on: Jun 30, 2018
A leftward shift of a supply curve is called a(n):
 a. decrease in demand.
  b. increase in supply.
  c. decrease in supply.
  d. increase in quantity supplied.
  e. decrease in quantity supplied.

Question 2

An increase in the supply of the product implies:
 a. producers will now charge a higher price for a given quantity of output.
  b. the supply curve will shift to the left.
  c. some producers are dropping out of this market.
  d. producers will now charge a lower price for a given quantity of output.
  e. the price of this product has increased.


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carojassy25

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


stephzh

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Reply #2 on: Jun 30, 2018
Thank you :)


carojassy25

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Reply #3 on: Jun 30, 2018
Happy to help you


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