Bicycles are made out of steel. If the price of steel increases, ...

[c0205847]

Bicycles are made out of steel. If the price of steel increases, there is a shift in the supply curve of bicycles that leads to
 
  A) a shift in the demand curve for bicycles.
  B) a temporary surplus of bicycles.
  C) a permanent surplus of bicycles.
  D) an increase in the price of a bicycle.

Question 2

Suppose we are considering the relationship between two variables y and x. y is measured on the y-axis and x is measured on the x-axis, and the relationship between then is a straight line.
 
  Suppose that the slope of the line is positive and is less than 1. This slope means that a change in x is associated with A) a bigger change in y.
  B) a smaller change in y.
  C) no change in y.
  D) an equal change in y.

[rekilledagain]

Answer to Question 1

D

Answer to Question 2

B

[c0205847]

Thank you

[rekilledagain]

Happy to help you