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Author Question: In which statement is the term "supply" used correctly? (1) An increase in the price of leather will ... (Read 63 times)

sh03641

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on: Oct 12, 2022

Question 1

The supply for some good or service will decrease if
◦ more suppliers enter the industry.
◦ the prices of inputs fall.
◦ the prices of inputs increase.
◦ technology improves.
◦ technology improves and the price of inputs falls.

Question 2

In which statement is the term "supply" used correctly? (1) An increase in the price of leather will lead to a decrease in the supply of leather. (2) An increase in the price of leather will lead to a decrease in the supply of leather boots.
◦ the second statement only
◦ the first statement only
◦ neither statement
◦ both statements
◦ not enough information to tell
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by sh03641 on Oct 12, 2022

zubair1583

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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sh03641

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

amynguyen1221

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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