An increase in supply will occur when
A. the demand curve shifts downward to the left.
B. the demand curve shifts upward to the right.
C. the supply curve shifts downward to the right.
D. the supply curve shifts upward to the left.
Answer: C
You might also like to view...
A firm will break even when
A) P > ATC. B) P = ATC. C) P = AVC. D) P < AVC.
A craft union is a union composed of all the workers at a single firm
a. True b. False
As the price paid to a resource increases,
a. the supply of that resource will increase in the resource market. b. the supply of that resource will decrease in the resource market. c. resources will shift from other resource markets to this one. d. resources will shift from this resource market to others. e. resource usage will be unaffected.
Which of the following is most likely a fixed cost?
A. Labor cost. B. Property taxes. C. Energy cost. D. Raw materials cost.