If the price of chocolate chip cookies falls, then
A) the supply curve of chocolate chip cookies shifts rightward.
B) the supply curve of chocolate chip cookies shifts leftward.
C) there is a movement downward along the supply curve of chocolate chip cookies.
D) there is a movement upward along the supply curve of chocolate chip cookies.
C
You might also like to view...
In the above table, the total variable cost of producing 16 units of output is
A) $20. B) $60. C) $100. D) $120.
If suppliers of garbage collection services charged the full costs of providing the service, the supply curve would
A. change to a positive slope. B. change to a negative slope. C. shift to the left. D. shift to the right.
A public museum is an example of a
A) government-sponsored good. B) public good. C) good which generates a positive externality. D) good which generates a negative externality.
Refer to the graph below. An increase in the supply of yen will result in:
Assume that Japan and the United States are engaged in a system of flexible exchange rates.
A. An appreciation of the yen
B. An appreciation of the U.S. dollar
C. A depreciation of the U.S. dollar
D. An increase in the dollar price of yen