Other things being constant, the only way to move along a given supply curve for a product is for
A) the product's relative price to change.
B) the future relative price of related goods to change.
C) the number of sellers to change.
D) technological changes to occur.
A
You might also like to view...
A firm is said to be a monopsonist if it is the sole seller of a commodity in the market
a. True b. False Indicate whether the statement is true or false
Assume that the expectation of a recession next year causes business investments and household consumption to fall, as well as the financing to support it. If the nation has low mobility international capital markets and a fixed exchange rate system, what happens to the quantity of real loanable funds per time period and the nominal value of the domestic currency in the context of the
Three-Sector-Model? a. The quantity of real loanable funds per time period rises and nominal value of the domestic currency falls. b. The quantity of real loanable funds per time period falls and nominal value of the domestic currency remains the same. c. The quantity of real loanable funds per time period rises and nominal value of the domestic currency remains the same. d. The quantity of real loanable funds per time period falls and nominal value of the domestic currency rises. e. There is not enough information to determine what happens to these two macroeconomic variables.
Suppose that the consumer price index at year-end 2004 was 140 and by year-end 2005 had risen to 150. What was the inflation rate during 2005?
What will be an ideal response?
Figure 4-19
Refer to . When the price ceiling applies in this market and the supply curve for gasoline shifts from S1 to S2, the resulting quantity of gasoline that is bought and sold is
a.
less than Q3.
b.
Q3
c.
between Q1 and Q3.
d.
at least Q1.