Author Question: If the supply of a product increases, then a. more will be purchased at the same price b. the ... (Read 79 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?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

For a complete list of videos, visit our video library