An increase in the price of a particular good, with all other variables constant, causes

a. a movement along a given supply curve to a lower quantity supplied
b. a shift to a different supply curve with lower quantities supplied
c. a movement along a given supply curve to a higher quantity supplied
d. a shift to a different supply curve with higher quantities supplied
e. no movement along a given supply curve unless demand also changes


C

Economics

You might also like to view...

What is the "tax wedge"?

What will be an ideal response?

Economics

What is the difference between the European System of Central Banks and the Euro system?

What will be an ideal response?

Economics

The following is national income account data for a hypothetical economy in billions of dollars: gross private domestic investment ($320), imports ($35), exports ($22), personal consumption expenditures ($2,460), and government purchases ($470). What is GDP in this economy?

A. $3,263 billion B. $3,290 billion C. $3,237 billion D. $3,250 billion

Economics

Inputs are traded in the factor market.

Answer the following statement true (T) or false (F)

Economics