This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A leftward shift of a supply curve is called a(n): a. decrease in demand. b. increase in supply. ... (Read 91 times)

stephzh

  • Hero Member
  • *****
  • Posts: 556
on: Jun 30, 2018
A leftward shift of a supply curve is called a(n):
 a. decrease in demand.
  b. increase in supply.
  c. decrease in supply.
  d. increase in quantity supplied.
  e. decrease in quantity supplied.

Question 2

An increase in the supply of the product implies:
 a. producers will now charge a higher price for a given quantity of output.
  b. the supply curve will shift to the left.
  c. some producers are dropping out of this market.
  d. producers will now charge a lower price for a given quantity of output.
  e. the price of this product has increased.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

carojassy25

  • Sr. Member
  • ****
  • Posts: 299
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


stephzh

  • Hero Member
  • *****
  • Posts: 556
Reply #2 on: Jun 30, 2018
Thank you :)


carojassy25

  • Sr. Member
  • ****
  • Posts: 299
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus Examining the survivorship curve of a Dall mountain sheep population reveals information on the caus
The anterior pituitary is sometimes called the master gland because it secretes many hormones that r The anterior pituitary is sometimes called the master gland because it secretes many hormones that r
Earth’s history is divided into nested sets of time--eons, eras, periods, and epochs--and is called Earth’s history is divided into nested sets of time--eons, eras, periods, and epochs--and is called
Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ... Human photopic (cone) and scotopic (rod) spectral sensitivity curves. The peak of each curve has ...
Effect of an Exogenous Shift in Income Effect of an Exogenous Shift in Income
The Frequency Distribution Curve of a Drug The Frequency Distribution Curve of a Drug
Video: Primary Active Transport - electrochemical gradient and ion transport / water movement

For a complete list of videos, visit our video library