Author Question: According to the law of supply, if the price of calculators decrease, the supply of calculators will ... (Read 117 times)

lilldybug07 · **on:** Jun 30, 2018

According to the law of supply, if the price of calculators decrease, the supply of calculators will decrease, everything else held constant.
a. True
b. False
Indicate whether the statement is true or false

Question 2

An increase in the unemployment rate from 15 percent to 20 percent might be illustrated as:
a. a movement up and to the left from one point along the production possibilities curve to another.
b. a movement from a point on the production possibilities curve to an interior point.
c. a movement from an interior point to a point on the production possibilities curve.
d. a movement from a point inside the production possibilities curve to one closer to the origin.