Author Question: If the supply of a product increases, then a. more will be purchased at the same price b. the ... (Read 42 times)

Alainaaa8

  • Hero Member
  • *****
  • Posts: 576
If the supply of a product increases, then
 a. more will be purchased at the same price
  b. the price of the product must have declined
  c. demand for the good must have increased
  d. producers are willing to accept a lower price for each unit sold
  e. producers offer less for sale at each possible price

Question 2

Which of the following would shift the supply curve for a product to the right?
 a. an increase in the price of a resource used in the good's production
  b. the expectation of a higher price in the near future
  c. an increase in the price of the product
  d. an increase in the price of an alternative good
  e. an improvement in the technology for producing the good



kilada

  • Sr. Member
  • ****
  • Posts: 311
Answer to Question 1

D

Answer to Question 2

E



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

For a complete list of videos, visit our video library