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Author Question: A decrease in demand will cause the equilibrium price and quantity of a good to fall, ceteris ... (Read 94 times)

segrsyd

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on: Jun 30, 2018
A decrease in demand will cause the equilibrium price and quantity of a good to fall, ceteris paribus.
 
  Indicate whether the statement is true or false

Question 2

The impact of an increase in the wage rate on labor supply will be represented by ________, assuming all else equal.
 
  A) a rightward shift of the labor supply curve.
  B) a leftward shift of the labor supply curve.
  C) an upward movement along the labor supply curve.
  D) a downward movement along the labor supply curve.


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katheyjon

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

TRUE

Answer to Question 2

C


segrsyd

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

nyrave

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Reply 3 on: Yesterday
Gracias!

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