Author Question: The price of iPhones has fallen dramatically. Which of the following is likely to happen? A) The ... (Read 120 times)

lracut11

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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


zhanghao

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Answer to Question 1

C

Answer to Question 2

D



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