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Author Question: The price of iPhones has fallen dramatically. Which of the following is likely to happen? A) The ... (Read 107 times)

lracut11

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on: Jun 30, 2018
The price of iPhones has fallen dramatically. Which of the following is likely to happen?
 
  A) The quantity of iPhones supplied will increase. B) The supply of iPhones will increase.
  C) The quantity of iPhones supplied will decrease. D) The supply of iPhones will decrease.

Question 2

An economy's ________ during a recession.
 
  A) labor supply curve shifts to the right B) labor demand curve shifts to the right
  C) labor supply curve shifts to the left D) labor demand curve shifts to the left
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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zhanghao

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

C

Answer to Question 2

D


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