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

Author Question: A leftward shift of a supply curve is called a(n): a. decrease in demand. b. increase in supply. ... (Read 135 times)

stephzh

  • Hero Member
  • *****
  • Posts: 556
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

carojassy25

  • Sr. Member
  • ****
  • Posts: 299
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


stephzh

  • Hero Member
  • *****
  • Posts: 556
Reply #2 on: Jun 30, 2018
Thank you :)


carojassy25

  • Sr. Member
  • ****
  • Posts: 299
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Earth’s history is divided into nested sets of time--eons, eras, periods, and epochs--and is called Earth’s history is divided into nested sets of time--eons, eras, periods, and epochs--and is called
Five layers or sheaths called koshas in Ayurvedic philosophy. Five layers or sheaths called koshas in Ayurvedic philosophy.
Titration curve for the tetrapeptide Glu-Gly-Ala-Lys Titration curve for the tetrapeptide Glu-Gly-Ala-Lys
The Lorenz Curve for the United States, 2009 The Lorenz Curve for the United States, 2009
A Gaucher cell showing accumulated fat stored in structures called lysosomes A Gaucher cell showing accumulated fat stored in structures called lysosomes
A nerve cell (neuron) has extensions called dendrites A nerve cell (neuron) has extensions called dendrites
Video: Brain Anatomy Animation (Part 2 of 2)

For a complete list of videos, visit our video library