The supply schedule and the supply curve are just two __________ ways of showing the same information.
a. numeric
b. graphical
c. identical
d. different
d. different
The supply schedule and the supply curve are just two different ways of showing the same information.
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Social indifference curves are the same as a Social Welfare Function.
A. True B. False C. Uncertain
Today the primary distinction between direct and indirect finance is in:
A. direct finance the asset holder has a claim on a financial institution while in indirect finance the asset holder has a direct claim on the borrower. B. indirect finance the asset holder has a claim on the government while in direct finance the asset holder has a direct claim on a private sector corporation. C. indirect finance the lender has a direct claim on the borrower while in direct finance the lender has a claim on a financial institution. D. direct finance the asset holder has a direct claim on the borrower while in indirect finance the asset holder has a claim on a financial institution.
Suppose over the next several years the productivity of firms producing electric cars improves dramatically. The advance in productivity leads to
a. an increase in the supply of electric cars so that the supply curve shifts rightward. b. an increase in the supply of electric cars so that the supply curve shifts leftward. c. a decrease in the supply of electric cars so that the supply curve shifts rightward. d. a decrease in the supply of electric cars so that the supply curve shifts leftward.
Entry deterrence is always the best strategy for a monopolist.
Answer the following statement true (T) or false (F)