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Author Question: Wages for workers producing iPods and similar products will rise next year. Walkman Watch asks you ... (Read 58 times)

plus1

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on: Jun 29, 2018
Wages for workers producing iPods and similar products will rise next year. Walkman Watch asks you to predict the effect of this change in next year's market for iPods. You predict that the major effect will be that the
 
  A) demand curve for an iPod will shift rightward.
  B) demand curve for an iPod will shift leftward.
  C) supply curve for an iPod will shift leftward.
  D) supply curve for an iPod will shift rightward.

Question 2

In an open outcry Dutch auction, ________.
 
  A) the bidders begin the bidding process with a low starting bid
  B) the auctioneer begins the bidding process with a low starting bid
  C) the auctioneer begins the bidding process with a high starting bid
  D) the bidders decide the starting bid


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GCabra

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


plus1

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

TheNamesImani

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Reply 3 on: Yesterday
Excellent

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