An increase in the supply (curve) of a good implies a larger quantity of the good will now be supplied
A) at the same price.
B) even if the price falls substantially.
C) only if the price rises.
D) whenever the demand decreases.
A
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An individual who acquires a bond from a corporation
A. lends money to the corporation. B. borrows money from the corporation. C. buys part of the corporation. D. promises to pay part of any debts of the corporation.
In a circular flow diagram of the economy, households and businesses interact
a. in both product markets and resource markets b. in neither product markets and resource markets c. in product markets but not resource markets d. in resource markets but not product markets e. very rarely
The income tax requires that taxpayers pay 10percent on the first $40,000 of income and 20 percent on all income over $40,000 . Karen paid $6,000 in taxes. What were her marginal and average tax rates?
a. 20 percent and 12 percent, respectively b. 20 percent and 15 percent, respectively c. 10 percent and 12 percent respectively d. 10 percent and 15 percent respectively
M1 is:
A. less useful than M2 for understanding inflation. B. the money supply the Federal Reserve pays the most attention to in conducting monetary policy. C. the fastest growing of all of the money aggregates. D. a more useful measure of the relationship between the money supply and inflation because it includes the most liquid assets.