Author Question: Which of the following would increase the supply of laptop computers? a. Higher wage rates for the ... (Read 87 times)

TVarnum · **on:** Jun 30, 2018

Which of the following would increase the supply of laptop computers?
a. Higher wage rates for the workers that produce laptop computers.
b. A technological improvement that lowers the cost of producing laptop computers.
c. An increase in the price of computer chips used to produce laptop computers.
d. All of these.

Question 2

If the United Auto Workers union can obtain a substantial wage increase for auto workers, there will be a(n):
a. decrease in the supply of automobiles, which is a shift to the right of the supply curve.
b. decrease in the supply of automobiles, which is a shift to the left of the supply curve.
c. increase in the supply of automobiles, which is a shift to the right of the supply curve.
d. increase in the supply of automobiles, which is a shift to the left of the supply curve.