Author Question: An increase in the supply (curve) of a good implies a larger quantity of the good will now be ... (Read 29 times)

hbsimmons88 · **on:** Jun 29, 2018

An increase in the supply (curve) of a good implies a larger quantity of the good will now be supplied

A) at the same price.
B) even if the price falls substantially.
C) only if the price rises.
D) whenever the demand decreases.

Question 2

Which of the following statements is true?

A) Lower wages are normally offered for jobs with better amenities.
B) Jobs that are relatively risky pay a lower wage than other safer jobs.
C) Educational qualifications and wage rates are negatively correlated.
D) Incentives are normally higher for desirable occupations in comparison to undesirable occupations.